Secretary of the Treasury Annual Report, 1843

TABLE OF CONTENTS.

Page

Report by Mr. Woodbury on the Finances and Cur-.

rency Sept., 1837 1

Report by Mr. Woodbury on the Finances Dec., 1837 89

Report by Mr. Woodbury on the Finances Dec., 1838 175

Report by Mr. Woodbury on the Finances Dec., 1839 231

Report by Mr. Woodbury on the Finances Dec., 1840 351

Report by Mr. Ewing on the Finances June, 1841 437

Report by Mr. Forward on the Finances Dec., 1841 461

Report by Mr. Forward on the Finances Dec., 1842 485

Report by Mr. Spencer on the Finances Dec., 1843 597

Report by Mr. Bibb on the Finances Dec., 1844 649

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REPORT ON THE FINANCES.

DECEMBER, 1843.

TnEASURy Department, I)ecem&er 6, 184:3. ,

Sir; By the act of Congress, approved May 10, 1800, it is made the
duty of the Secretary of , the Treasui-y “to digest, prepare, and lay
‘before Congress, at the commencement of every session, a report on the
‘ subject of finance ; containin|; estimates of the. public revenue and public
‘ expenditures, and plans for improving or increasing, the revenues, ft’om
‘time to time,” By the act of 26th August, 1842, the fiscal year of the
. Treasury is directed to commence on the first . day of July' in each year,
beginning .with that day in the year 1843;- and iit is provided that the
report and estimates required to be prepared and laid before Congress
at the commencement of each session, by the Secretary of the Treasury,
shall be a report and estimates for each- fiscal year,, commencing as
. aforesaid, and terminating on the 30th day of June in the succeeding
calendar year. In obedience to. these laws, the follov.fing report is sub-
mitted,. •

The act of 1842 contemplates that estimates of the receipts and
expenditures of the fiscal year, commencing 1st July, 1844, should be
furnished at the comniencement Of the present session of Congress.
They have, accordingly,- been prepared, and are herein presented.

The estimates foi- the current fiscal year, commencing 1st July, 1843,
were made in December, 1842 ; sO much in advance of the time to which
they related, .that they were necessarily conjectural to a great extent.

, They can now be rendered more exact, by a knowledge of the true
state of the Treasury at the commencement of the fiscal year, and by a
better acquaintance with the necessities of the . various branches of the
' public service^ Accordingly, the diffo.fent Departments have been
requested to revise, their respective estimates. Upon the information
thus obtained, a corrected account of the actual and estimated receipts
and expenditures of the current fiscal year, commencing the 1st of July
last, has also been prepared, and is now submitted.

In order to fill the chasm . in the accounts beriVeen the 31st day of
Deceniber, 1842, and the 1st day of July, 1-843, caused by the change
in the fiscal year, and to ascertain the rtUe balance in the Treasury on

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[1843. ■

the 1st of July, 1843, it becomes necessary to exhibit a statement of the
receipts and expenditures during that time ; which is accordingly pre-
sented herein. It will be seen that the expenditures exceeded, and the
receipts fell short of, the estimates for that period. An account of. the
actual receipts and expenditures of the calendar year 1842 is also ,
annexed to this report, a part of them only having been hitherto submit-
ted to Congress, in which the expenditures will be found classed under
general, yet distinctive, heads of appropriation, so as to exhibit, briefly
and intelhgibly, the subjects to which they have been applied. It is an
abstract of the' warrants issued to the Treasurer, pursuant to the appro-
priations by Congress, and paid by him. It does not embrace the trust-
funds or indemnities, although it does include what are usually called
outstanding warrants — which, in fact, are not outstanding, but are
merely unsettled, having been paid by the Treasurer to the parties who
presented them, by checks and drafts on the public depositories and
. receivers, but which had not been returned at the time of the settlement
'Of his accounts,’ although most, if not all of them, had, in fact, been
paid. , '

The statements of the receipts and expenditures for the half year
between the 1st of January and the 1st oi' July, 1843, and for the first
quarter of the new fiscal year, are also founded upon the entries in the
books of the Register of the Treasury,' and. make no distinction between
warrants settled or unsettled. These statements, therefore, show accu-
rately the payments that have been made according to the appropria-
tions by Congress, although all the evidences of those disbursements
required by the auditing officers may not have reached their offices.!

This mode of exhibiting the state of the Treasury has not always been
observed. The money apparently in the hands of the Treasurer has
sometimes been' so stated as to leave the impression that it was an avail-
able balance. The average of outstanding warrants (as they are called)
for a series of years, has been deducted from the apparent balance,
instead of deducting the exact amount that remained unsettled. But
when a warrant has been issued; to the Treasurer, and paid by him, the
amount is effectually disposed of, and cannot be reached by Congress,
whether the Treasurer’s account of such payment is settled or not. The
mode now pursued, therefore, is deemed the proper one to exhibit the
amount in the Treasury subject to appropriation. This explanation is
made to account for discrepancies that may appear befween the state-
ments and tables herewith presented, and ‘those in former reports.

These accounts and estimates present a connected series from the 1st
of January, 1842,, to the 1st of July, .1845, and exhibit the operations of
the Treasuiy for the last two years, (with ■ the exception of the present
quarter,) its present, condition, and its future prospects. The results ”
deduced from them, and the views they suggest, will now be presented
• in the order of time m respect to the different' periods to which they
relate.

RECEIPTS, EXPENDITURES, &C., OE 1842.

According to the settlement of the Treasurer’s accounts on the 1st day
of January 1842, there was in the Treasury. . . . . . . .$28,685,111 p8

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1843;j SECRETARY OF THE TREASURY. 599

From which is to be deducted as not available —

Amount deposited with the States. . '.$28,101,644 91
Balance of trust funds 1st of January
■ 1842 ,... ^ 374,521 18

28,476,166 09 .

The outstanding warrants afthe close of

the year 1841 were...' .' 813,268 46

Total liabilities ■ ..$29,289,434 65

Deficiency of means to meet warrants. .... .... $604,323 47

$29,289,434 55

Instead of any available balance in the Treasury on the 1st of Janur
ary, 1842, there was, therefore, a deficiency to meet the outstanding
warrants of > $604,323 47

From the accompanjdng statement, (A,) it appears that the receipts
into the Treasury during the year 1842, exclusive of trust funds and of

the avails of Treasury notes and loans, were :$19,643,966 40

The expenditures of the same year, exclusive of the
sums paid bn the redemption of Treasury notes, and
interest on them and on recent loans, and on account
of the- old public debt, were : 23,921,037 60

The excess of expenditures over revenue was. . . . '. 4,277,071 20

The amount paid on account of the old public debt.

Treasury notes, and' interest on them and on loans,

was.. 8,477,868 94

To supply the deficiency in the revenue, and to provide
.means for the redemption of Treasui-y notes', others '

were issued, and loans obtained to the amount of 14,808,735 64

And a.balanee was thus left in the Treasury, on the 1st
of January, 1843, (exclusive of deposites with the ■

States, indemnities, and trust funds, and deducting
outstanding waiuants,) subject to appropriation, of. . . , 1,449,472 03

RECEIPTS, EXPENDITURES, &C. OF THE EIllST SIX MONTHS OF 1843.

The balance in the Treasury bn the first of January, 1843, exclusive
of deposites with. States, trust funds, and outstanding
warrants, was. : .' ■ . . $1,449,472. 03

By the acompanying statement,. (B,) it appears that the' receipts
between the 1st of January and 1st of July, 1843, exclusive of the avails

I of Treasury notes.and loans,, were. . ; : $8,065,325 46

And the expenditures, exclusive of the sums paid on

account of the public" debt, were 10,698,390 83

Excess of expenditure over revenue, .... $2,633,065 37

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The amount paid for redemption of Treasury notes, and for principal

and interest on the public debt, was .$861,60:7 47

To supply the deficiency, and to provide moans for the ■
redemption of Treasuiy notes, others were issued, and

‘ loans obtained to the amount of. 5,545,708 36

And a loan was made, under the act of March 3, 1843,
of $7,000,000, of which nearly the whole was

received during the quarter : • 6,934,000 00

Which left a balance, on the 1st of July, 1843, of. . . 1. 10,434,507 55

This lai’ge apparent balance arises from the circumstances that, while
nearly tlie whole proceeds of the seven-million loan were paid in during
the half-year, the amount of notes redeemed by 'those proceeds does not
appear in the accounts of that period, but is contained in those of the
next quarter. '

The real balance, excluding the loan and the notes subsequently
redeemed, was, about..- $3,370’,o6o 00

REVISED ESTIMATE OF THE RECEIPTS. AND EXPENDITURES FOR .THE FIS-
CAL YEAR commencing JULY 1, 1843.

The accounts of the first quarter of the present fiscal year— that us,
from July 1st, to September 30th, 1843 — exhibit the following results:

Receipts.

From customs ......... $6,, 132,272 ,69-

Sales of public lands ........ , . 38S,8;70; 22

Miscellaneous and incidental 26,871 43

Total revenue received . . .-. . 6,548,013. 74

Residue of subsciiptiori to loan of seven, millions. ...... 66,000 00

Total. . ............ ., .... ... . 6,614,013 74

Balance in the Treasury, July 1, 1843. 10,434,507 55

Total means. 1 17,048,521 29

Expenditures. ■

( Civil, fniscellaneous, and foreign intercourse. ., $1,016,257 1.7

Army proper. ..... , ; . ., 858,785 15

Fortifications, ordnance, arming militia, &c..... 610,400 90

Indian department ..... y ... 880,171 88

Pensions. ............. .' . ..... 806,800 ,04

Naval establishment a '. v. . .:. y 2,049,387 3fi

Interest, &c., public debt. v,. . .95,555 48

^ - •

Total exclusive of redemption of Treasury notes, and
■ interest ..... ....... ... 6,317,357 98

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J843.] SECRETARY OF THE TREASURY. 601

Paid Q’n redemption of Treasury notes and interest. ... $6,902,031 54

Total payments for the quai'ter. ........ 1 .... . 13,'219,389 52

Leaving a . balance on the 1st of October,' 1843, of. 3,829,131 77

ESTIMATES FOR THE REMAINING THREE QUARTERS OF THE FISCAL YEAR.

Balance at the end of the first quaiter, 30th September,

1843.. ...: $3,829,131 77

Estimated Receipts..

Second quarter, from customs $3,100,000

“ “ “ ■ lands...., "• 537,000,,

Third quarteiv from' customs... , 4,600^000

“ A*' “ ■ lands... ..... AOO^OOO ,• .

Fourth quarter, from customs. . 3,-600,000

“ “ lands . . 520,000’

Miscellaneous... 50,000

. . : . , 12,907,000 00

. Total means , ... .16,736,131 77 .

■Of the specific appropriations already miade by la'w ap-
plicable to the service of the; last and the current fiscal

year, there remains unexpended $19,509,635 89

Of this balance there will not be required to be expended
.. during the year, but will be required during the next ■ ' ’ ■ •

year, for thecivil list, foreign intercourse,and miscel-

, laneous,- $'352,387 41

Military estabhshment .. ,2,255,638 65 .

■ ■ . - ■ 2,608,026 06
And which will not be required, and may'

be carried to the surplus fund. .... . 504,940' 73 .

' ; 3,112,966 79

Leaving of the specific appropiiations which, according •
to the data furnished by the respective Departments,

will be required during the year ...,.• r. , 16,396,669 10

To which ■is' to be added amount of peraianent and in-
definite appropriations which will be required 2,577,713 88

Additional appropriations necessary i 289,012 96

" ^ ' ■ , ■ $19,263,395 94

; . .This sum is composed of the. following itenis:

Givil list, foreign intercourse, and miscellaneous $4,759,037 09

. ^rmy . proper. — 2,775,528 06

Fortificatioris, ordnance, arming militia, &G 2,674,906 91

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REPORTS OF THE [1843.

Indian department $1,642,482 li ■

Pensions .... ’ .' i ' . 954,578 46

Naval establishment 5,053,070 76

Interest, &c., public debt ' 1. 1,403,791 95

N "

/ 19,263,395 94

The means in the Treasury, as above stated, are ■.?. 16,736,131 77

Deficiency - - ; i^. . $2,527,264 17

It will be seen that a sum exceedins: two millions and a half is deducted
from the appropriaiions already made, on the ground that it will not be
required to be paid out during the fiscal year. Being actually appro-
priated by Congress, and hable to be used even during the year, ,and
certainly within a short time after its expiration, the undersigried has
hesitated to deduct the amount' from the expenditures ; and although this
has been done in conformity with usage, this explanation is necessary to
prevent mistake. Notwithstanding, this deduction, it will be perceived
that there will be a deficiency of more than two million five hundred
thousand dollars. To this deficiency must be added the amount of such
special appropriations as Congress may make during the present session,
in addition to the appropriations for which estimates are submitted in
another report. It is a duty also to remark, that the credit of the Treasury,
the facility of its operations, and the necessity of guarding agtiinst unfore-
seen contingencies, have usually induced Congress to make provision- for
a small surplus. There.'is nothing- in the circumstances of the present
year to induce a departure from such a provident course ; and, for that
purpose, a million and a half of dollars ought to be added to ■ the defi-
ciency above stated. The whole amount to be provided for the service
of the present fiscal year, beyond the means now existing or estimated,
would, therefore, be about $4,000,000.

ESTIMATE OF EEVENUES AND EXPENDITURES FOR THE FISCAE YEAR COM-
MENCING JULY 1, 1844, AND TERMINATING JUNE 30, 1845.

Revemte.

- From customs. , .$20,000,000 00 .

From sales of public lands 2,250,000 OQ

From miscellaneous sources. ; 50,000 00

$22,300,000 00

. ExpmdiUires.

According to the data furnished- by the different Departments, there will

be required the balance of former, appropriation's $2,608,026 06

Permanent and indefinite appropriations 2,318, 1'89 02

Specific appropriations for the sei-vie.e of the year . ; 21,950,844 11

' $26,877,059 19

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1843.] SECRETARY OF THE TREASURY. 603

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This sum is composed of the following items ; , '

Civil list, foreign intercourse, and miscellaneous objects . . $4,659,904 .98

Army proper 3,926,096 07

Fortifications, ordnance., arming militia, &c...-. 4,478,112 19

Indian department ; . . . 2,330,365 14

Pensions 1,565,844 67

Naval establishment 8,894,007 22

Interest, &c., on the public debt .: 1,032,739 02

. $26,877, 059 19.

Probable deficiency, independent of other specific appropriations that
may be made by Congress $4,'577,059 19

The estimate of the proceeds of the sales of public lands is founded
upon the expectation that all the Miami lands in Indiana, or those in the
Choctaw cession of .1830 in Mississippi, will be brought into market. If
both tracts should be offered for sale, the amount from that source may
be increased $400,000. If neither should be offered, the estimated
'' amount will be reduced $260,000.

The preceding estimates are made on the assumption of, the continu-
ance of the existing laws for the collection of duties on imports and ton-
nage, and for the sale of the public lands; and, of course, will be, affected
by any changes in those laws. The fluctuations of commerce forbid
an implicit reliance upon any prospective calculations for a long term.
Those now presented have been made from the best information that
could be obtained, and from a comparison with the receipts of previous
years.- The large amount of eighteen millions receivecl in 1842 from
customs is not to be wholly credited to the business of that year. It
includes $4,808,666 11, the amount of duties which had accrued in 1841,
and was secured by bonds that were paid in 1842; and also $567,000
of Treasury notes redeemed by the collectors in the former year, but'which-
were credited in 1842; thus leaving the actual receipts from the duties
of the year at less than thirteen millions. It will be perceived that there
was a decided improvement in the duties bn imports during the year
1843; for during the first three quarters of that year the receipts exceed-
ed thirteen millions, and, from returns already received, it is quite certain
those of the fourth quarter will amount to more 'than three millions^
making a total of more than sixteen millions for the calendar year.

Various general considerations,. and particularly that the stocks of im-
ported goods were, during the last two years, nearly exhausted, induce
the belief that the revenue from this source will continue to augment
under the present laws for the next two years ; but itis doubted whether
this increase will exceed three or four millions. It is believed that h a bits
of economy , are prevailing among our fellow-citizens, stimulated and
strengthened by the sad Consequences of overtrading and a spirit of
speculation. The disposition to husband their mehns prevents )the pur-
chase of many supeiRuous articles of foreign manufacture which were
formerly in extensive use. Many fabrics which were heretofore imported,

. and neatly all those which are necessary, to our comfort, (excepting those

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composed of silk,) are . manufactured within our own borders as well,
and ai'e furnished as cheaply, as the productions of other countries. ; This
cause has for several years gradually reduced the consumption of foreign
merchandise, arid will continue' to operate, and, in connection with a more
healthful economy, will materially affect the revenue. The estimates ;of
receipts from customs for the ensuing eighteen months have been framed
in reference to these considerations.

A table has been prepared under my direction, which accompanies
this report- (G,) exhibiting the value of foreign merchandise imported and
leexported from .1821 to 1842, and showing the value of articles con-
sumed or' left on hand during each year. By a comparison of this table
with another, (I,) also hereto annexed, showing the value of rherGhandise
imported, and the duties accruing, thereon .for each year during the same
period, it will be perceived, as a general result, that the duties were the
greatest during the years when the largest amounts of imported goods
were either consumed or left on hand. A' comparison of these for the
several years \vill afford a very good idea of the average consumption of
foreign goods, and the balances that must have been left on hand'; and
will justify the conclusion that the largest amounts of duties were founded
upon the excess of importation over consumption; — in other words, that
the regular and steady consumption of the country did not furnish the
means from which those excessive revenues were derived. The infer-
ence to be drawn from these results is, that we are nOt to expect such
amounts of duties as characterized the years 1831, 1832, 1835, 1836,
and 1839, without the existence of the same cause— importations beyond
our wants. And, indeed, a more general inference may be drawn, that
without the intervention of some- extraordinary causes, which there is
now no reason to anticipate, we' cannot -rety upon more than a very
moderate increase of duties frotn customs, bearing. a proportion to the
increase of population, for years to come.

' With a view to furrrish the information collected in this Department
respecting the course and fluctuations of.our foreign commerce, in a coir-
venient form for examination and reference, s.everal very valuable tables
have beetr prepared, which are annexed to this report. Among them,,
besides those already mentioned, is a statement of our exports of domestic
produce and of foreign goods, distinguishing those subject to- duty froin
those that were free ; also tables of the most important articles, imported
-from those countries with which we have the most intercourse, designating
themi respectively ; and also of our . exports tathe same countries. T-heiie
is also a table showing the^ gloss revenue of each year, the expenses
chalgeable upoh it, and the net proceeds. All these enlbrace the period
from 1821, when the Statistical reports were first made, to', the year
i842.'

The proceeds of the sales of the public lands have been estimated froin
the best elements within reach. The demand for these lands is steady,
while' it is moderate ; and there is no reason to anticipate fhe wild/and
exCesrive rage for purchases which’ at one time prevailed. If the tide of
emigration should take its- course towards the shores of the Pacific, 'it
might materially affect the Government sales of lands. The tracts set
apart to the new States j and located by them, being or likely to be in the

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605.

X843.]j SECRETARY OF THE TREASURY.

market, will also have aa influence upon the question. These, , and
other considerations, not of equal magnitude, but having a bearing upon
the result,, have induced the: undersigned to doubt whether the re'ceipts.
from: the sales of lands will be- equal to the estimates submitted, which
have been obtained from the General Land Office, and are founded upon
large purchases being made of tracts ; that will be brought into the
market.

The expenditures: for the next eighteen months w, ill be diminished to
a considerable extent, in consequence, of the distribution of the proceeds
of the sales of public lands having ceased; of no appropriations being
necessary for new purchases of Indian lands ;, of various public buildings
heretofore; authorized, being . completed ; and, it is. hoped, of the clffims
of militia and volunteers being nearly satisfied. Yet, from present
appearances, it , seems certain that the deficiencies above; stated will
exist during the present and the next fiscal yeari They are but contin-
uances of similar deficiencies which commenced immediately after the
deposites were made' with the States, and have continued for the last
seven years. ' - '■

The , aCGompanying. table, (C) exhibits the receipts from the various
sources accruing between the 1st of January ,1837, and 30th September,
1843; the expenditures exclusive of payments; for principal or interest
of the public debt, those .made. on that account, and the actual balances
in the- T'feasury.

It will .be seen that the deficiency has been diminished during the last
■three years, having been at the.rate of seven hundred thousand dollars
less, per year during that, time than during the preceding four years.
The average rate of revenue per annum accruing between the 1st of
January, 1837, and the 31st December, 1840, was twenty-one millions
of dollars' ; while that between the 1st- of January, 1841, and the 30th
September, 1843,.. was eighteen million two hundred tliousand dollars
per year. . ^

The accruing revenue stated in tire table embraces all the receipts
into the Treasury during, the periods referred to, excepting those from
debts and other funds existing prior to. 1837, in reference to the first-
mentioned period ; and with a like exception of receipts from similar
funds which existed before 1841,. in reference to the second period; and
excepting, in both cases, the means derived from loans, .'and Treasury
notes. This view is taken for tlie purpose of exhibiting the actual
revenue, independent of accidental and extrinsic additions. Thus,
during the first four years the deficiency in. the ordinary revenue was
supplied by the balance in the Treasuiy on the 1st of January, 1837,
of 116,087,278 88, by receipts from debts and other funds existing before
the 1st January, 1837, to the amount of $8;,576,697 63, and by-Treasuiy
notes. During the last two years and nine months, the deficiency was
partly supplied by the balance in the Treasury on the 1st of January,
1841, viz: $1,196,627 65; by receipts frorti funds existing before the
last-mentioned day, to the amount of $720,723 99; and the residue by
loans and Treasury notes. ...

It will be perceived, also, tliat the expenditures for the four years,

■ for aU purposes other than the public debt, averaged at the rate of twenty-

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[1843!

eight million one hundred and twenty -five Aousand dollars per year;
while those of the same oharaeter for the last two years and nine months
averaged at the rate of twenty-four million- four hundred and forty-eight
thousand dollars per annum. The, re.duction in expenditures for the
last-mentioned period was much greater than the diminution of revenue.

The payments on account of the principal and interest of the old
public debt, and the interest on loans and Treasuiyr notes during the
last-mentioned period, exceed two millions; while those between' 1837
and 1840 were less than seven hundied thousand dollars.

From the preceding estimates and statements, it appears that there
will be required for the service of the present fiscal ’year, beyond the

means in the Treasury. ' .$4,000,000 00.

And for the service of the -fiscal year', commencing July

1, 1844, beyond the probable revenue at least 4,500,000 00

$8,500,000 00

The loan of 1841 becoming due January 1, 1845, amounts •

to , ; $5,672,976 88

The balance of the T reasury notes which were outstanding
on the 3d March, 1843, and were not redeemed by the

last loan, arhounts to.'. , ^ - 4,656,387 45

With, respect to the last, item, the balance of unredeemed Treasuiy
notes, it is supposed that adequate provision for the present is made by
existing laws, ryhich authorize the funding such notes in a. ten .years’-
stock, or the reissue of them before the 1st of July, 1844. Sorne obser-
vations will be found in a subsequent part of this report, explanatory of
the views and course of this Department in regarcl to these Treasury
not,es. In this place it is deemed proper only to express the opinion that
no legislation will be necessary to provide for this amount of more than
four millions and a half, other than the continuance, ,by Congress, of the
provisions of the act of March 3dj 1843.

The loan made under the act of 21st of July, 1841, is in terms
rede'emab'le at the option of the Government after the 1st of January,
1845; yet, it is not doubted that the understanding of the lenders at the
time was, as it always is in, respect to loans on similar terms, that it
would be redeemed at the specified time. In the opinion of .the under-
signed, the pracdce of rendering loa.ns indefinite or uncertain as to the
times of payment, ought not to be indulged when it can possibly be
avoided. A postponement, supposed to be temporary, from year to
year, embarrasses the operations of the Treasury, by the uncertainty of
the.demands'which rnay be made upon it. In the present abundance
of money, it is believed that a new loan might be obtained on a ten or
fifteen years’ stock, on terms .^more favorable to the Government than
those oh which that about to become due was procured. This' course
is recdmmend'ed, also, by, the consideration that the probable deficiency
in the revenues of the next fiscal year, to meet the ordinaiy expenditures,
will be sufficient to call forth aU our resources without encountering
this additional amount. The remaining $8,500,000 ' (the estimated
expenditures over the receipts of the present and next fiscal year) must

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SECRETARY OF THE TREASURY.

607

1843.]

be avoided, in whole or in part, by a reduction of the public expendi-
tures; or provision must be made to rheet them, by an increase in
the revenue. Both these topics, therefore, demand consideration.

First. A reduction in the expenses of the Government.

The subjects for retrenchment fall peculiarly within the province of
the legislative branch of the Government, pardcnlarly those of a general
character. There are some, however, which are necessarily better
known to the Departments having charge of them. It is believed that
the expense of collecting the reven.ue from customs may be materially
diminished by the abolition of some- collection districts, and of some
officers in other districts which have ceased to be useful, and by a more
exact regulation of the .compensation of those officers who may be
retained. The subject has heretofore been brought to the attention of
Congress ; and it is again respectfully .submitted to its consideration.
Any additional information that has been obtained, and the. views of the
Department in detail, will cheerlully be communicated to the appropriate
committees.

A large and unnecessary expense is frequently incurred in- the pro-
ceedings to obtain judicial condemnation of goods of small value, which
have been seized as having been illegally imported. In one collection
district, and in a single quarter, outof forty-three cases of seizure, balances
of costs were paid by the United States in thirty-nine of them, averaging
fifty-four dollars in each suit. This is probably an extreme case ; but
‘the evil is known to be very general. If no claimant ventures to appeal’,
the conclusion, seems irresistfble that no. defence exists. It is submitted,
therefore, whether a more prompt and economical mode of proceeding
may not be adopted, consistent with the rights of all. Congress has
made liberal provision for the remission of forfeitures, where they have
been incurred without fraudulent intent, by a short and simple process,

• ^ which saves to the applicant the cost of a trial. It would seem but
just that a Similar principle should apply in favor of the Government.
In cases whei'e the appraised value, of the goods seized shall be less than
’one hundred dollars, an ample public .notice might be .given, requiring
claimants to appear and give security for costs in case of failure; and in
defatilt of a claim, the goods might be sold at public auction, and the
proceeds deposited in the Treasuiy for a convenient period prior to final
distribution — rto be refunded in the proper cases.

The act regulating the. amount of compensation to be retained out of.
their fees by clerks of district and circuit courts when the same person
officiates in both capacities, has received a construction by one of the
'circuitqpourts which defeats the purpose that Congress seems to have had
in view; and requires amendment, if it.be intended that. the surplus of
fees, beyond the given amount, shall belong to the Treasury.

Considerable expense might be saved by- a modification of the- act of
June 12, 1840, which would allow the consolidation of two or more
surveying districts, whenever the remaining surveys therein could, in the
opinion of the Department, be completed undei' the surveyor general of
one of them ;, and by authorizing the discontinuance of land offices, when-
ever their expenses exceed twenty per cent, of the annual amount of
sales, and annexing the lands unsold to some other office.

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The acts making permanent and' indefinite apprepriations might, with
great propriety, be revised- with a. view, of ascertaining whether justice
to the country, as well as economy,' does not require-, the repeal of some
of them ; or at least a limitation of the. tirne for which they shall rernain,
or of that in which applications shall be :m,ade and the proofs completed .
The expenses charged upon the judiciary fund- call fbi- examination and-
regulation, andwyill be the subject of, a- special report.

Secondlxj'. It becomes the duty of the undersigned to examine- the
remaining question presented— whether any, and what, provisions can be-
made to meet the contemplated deficiencies, or such .portion of them as-
may exist afterthe reductionswhich Congress' majt direct.. The alterna-
tives which suggest themselves, ai'e: direct, taxation, an' augmentation
of the proceeds of the sales of public lands, the, increase of -existing
duties on imports, and the imposition of duties upon- articles now free.

It is presumed that direct ta.xation of real .or personal property would
not be attempted until all other resources -have -.failed. The undersigned,
has, therefore, nothing to suggest on this subject..

It is not believed that an}'- modification of the land laws can be made, ,
by which anj^ permanent increase of revenue from the public doma,incan
be secured. Some temporary accession might be obtained by reducing
the price of land offered for sale;; butit would be with -the hazard, if not
certainty, of destroying a rich- fountain, whose regular and- steady strearp
is kept u-p by maintaining a moderate .price, adapted to the circumstances-
of our fellow-citizens, and yet not inviting speculative investments. -.Our
ultimate resource, then, must be the duties on imports. And when; it is
eonside.red how large a -portion of the expenditures of ihe Government is
caused by our light-houses, by our foreign -intercourse, by our Navy, .and'
other means to protect arid extend bur comrnerce with foreign nations,
and with how much more equality and equity a -tax, upon theimporta-
tion of foreign merchandise operates upon all classes, than any other
mode of raising revenue, with now much more ease it -is collected, and
how it entirely avoids, all collision with the State Sovereignties respecting'
the subjects of taxation, this mode of : supplying the wants of , the Go.v-
ernment will ’commend itself to favorable, consideration.

Sufficient informatiori has not yet been obtained respecting the practi-
cal operation of' the act of 26th August, 1842, establishing, the existing
rates of duties on foreign importations, to authorize an accurate opinion
of the probable results of its different provisions. The commercial sta-
tistical statement required by law, embrabing the -returns from the 30th-
of September, 1842, to the 30th June, 1843, is in course of preparation
by all the force that can be applied to- it, and it is hoped, .will be laid;
before the two Houses of ; Congress in the course of the ensuing month.
As it will embrace -the first nine months during which the present tariff
has been in operation, it will' -probably .contain the desired information,
But the undersigned feels bound, to say that, from the examination of
reports he. has caused to be raade'frdm the principal .ports, and. from a -
general view of our commerce., after the best consideration which he
could give to the subject, he has ,no,t ' been able -to discover any of -the
existing duties which can ffie increased ■with any reasonable prospect of
■augmenting the-' revenue. The dariger from this source is, that articles

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1843.] SECRETARY OF THE TREASURY. 609

upon which high duties are levied will either be clandestinely introduced
or not imported at all. It is believed that to the great vigilance which
has prevailed during the past season along the coast, and on our extended
inland frontier, it is mainly owing that the fraudulent- importa,tions (which
had been anticipated bj’’ some) have been prevented. • The temptation,
however, should not be' carried so far that success in one enterprise will
remimerate for the losses in several failures.

On the other hand, looking at the subject exclusively in its bearings
upon the revenue, the undersigned is not prepared to specify any very
important rates of duty that will bear reduction, unless the deficiency be
supplied by duties upon other articles. Those levied on glass, particular
kinds of iron, coal, and sugar, are eousidered by many too high for
revenue purposesi Should the statistical information before referred to
exhibit such a result, in respect to these or any other articles, they will
doubtless arrest the attention of Congress. - ' -

Assuming (what will probably be found to be the case) that nO
essential improvement of the revenue is likely to be effected, at least for
the present, by an increase of the duties already existing, or by a reduc-
tion of them, it becomes necessary to inquire whether any articles now
free of duty can with propriety be subjected to a moderate impost; and
whether there are any other means of providing for the anticipated
deficiency.

The articles now free of duty, ryhich present themselves, most prOm--
inently .as. subjects of impost, arc teas and coffee. In the last annual report
from this Department, this:source of revenue was indicated. The necessity
of resorting to it is as apparent, and more urgent now than if was then.
The opinions of importers of these articles, of merchants, and of officers
of the customs, in various parts of the United States, as communicated to '
this Departmentin pursuance of its request, are unanimously and decidedly
in favor of such duties, as “more equal and less burden.some than any
other mode by which the same amount could be collected.” From the
organization of the Government to the year 1832, duties were laid upon
these cuticles. In that year they were repealed, in pursuance of the-
recommendation of the President, which was made, as he stated, in
consequence of the national, debt being extinguished, and the revenue
being abundant for the public service. The reason for thafpolicy having
ceased, and additional revenue being indispensable for the most econ-
omical administration of the Government, it cannot be doubted that our
fellow-citizens will acquiesce in the necessity which requires such an
impost as cheerfully as in any other burdens which they are- called to
bear for the security and protection of themselves; their' property, their '
rights, and hberties. ■ ■ ■ . ”

Notwithstanding the opinions of some, I cannot doubt that the price, of )
these articles would be enhanced 16 the consumer, to some extent, by the
imposition of duties. But it may be questioned whether this effect would |
not be temporai-y. Coffee is raised in various countries, and the amount
produced has increased of late years rapidly. Should the competition
between those Gountries be or become so active as to enable us to choose fe
the source of supply, the duty, may fall upon the producer. In respect |
to teas, the opening of the China trade, and the exchange for them of our |
VoL. iv. — -39.

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610

REPORTS OF THE

[1843.

I coarse cotton fabrics, instead of specie, as heretofore, will enable us t 0 |,
:i obtain larger supplies and at cheaper rates. But whatever may be the
(iincrease of price to the consumer, and whether it be permanent or tem-
iporary, it would be fairly distributed among the whole corrimunity, for
Ijnearly all are consumers; - and, by a proper adjustment of the rates, it
» would fall chiefly upon those who used teas of the most expensive kind.
Hence a specific duty, in reference to cost, would be most advisable. In
order to exclude a spurious article, which has sometimes forced its way
among us, it would be expedieiit to fix a mini mum, value at sixteen or
twenty cents per pound. ■ A duty of five cdnts per pound on all teas
costing twenty -five cents or under, of seven cents upon those costing
from tvventy-fiye to thirty-fiye cents, and thus advancing the duty accord-
ing to the cost, would afford the most certain and practicable mode of
collection, wfoile it would be the least burdensome. With respect to
coffee, it is represented that the. difference in value between the various
descriptions in use among us, is. not such as to render an ad valorem duty
necessary or expedient. A moderate specific duty of two cents per
pound, when brought from thepoiintry of its growth, in Asia, Africa, or
America, and three cents per pound when imported from Europe, it is
believed, would be fair and moderate. Such a duty may -he estimated
to produce at least two million five hundred thousand- dollars. From,
■ a duty on teas, graduated as above suggested, we may expgct tq realize
about One million' five hundred thousand dollars. Much, however, will
depend upon the terms of our trade Avith China. It cannot be supposed
that duties to the amount of four millions, distributed among nearly
eighteen millions of persons, Avould be seriously felt by any, even assuming
that the consumers would exclusively bear the burden, and that it would
not be divided between them and the producers.

■' Among the means of improving the revenue, the duties on tonnage ana
light money, heretofore collected, have received consideration. In 1831
these duties- were repealed, except as to the vessels of those countries
that impose duties on goods 'and tonnage, discriminating between their
own vessels and ours. In respect to those nations, counter discriminating
duties on our p'ai't still rema,in. They vary in amount ; but their annual
produce, on an average of the last twelve years, is about sixty thousand
dollars, although for the last year it was less than thirty thousand dollars.
It is respectfully submitted whether it would not be expedient to direct
that this duty, as' collected, should be applied to the relief of sick and
. disabled seamen, in aid of the hospital fund. Although this amount
would not furnish an adequate provision for this meritorious class of
citizens, yet in connection with other provisions hereinafter suggested, it
woidd, to a great extent, relieve Congress from the appropriations ordi-
narily made to supply the deficiency in that fund.- The advantage of
such an arrangement would be to avoid the distressing contingency of
ah inability to .meet, the /cases of suffering that occur after the fund is
exhausted, and previous, to an appropriation.

Considering the disadvantages'under which our navigation now suffers
from various causes, the. undersigned is not disposed to recommend the
restoration of the -general tonnage duty. But it is deemed worthy of
consideration whether the vessels enjoying the benefits of our very expen-

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1843.] SECRETARY OF THE TREASURY. 61i;

sive light-house establishment ought not, in justice, to contribute to its
maintenance. The light duty was repealed at the same time with the
general tonnage duty, and, it is believed, for the same reason — ^the abun-i
dance of revenue then existing. That reason has ceased to exist. , Our
revenue is not adequate to the ordinary expenses of the Government.
A duty of six cents per ton upon all vessels engaged in the foreign trade,
to be paid upon each entry into our.ports, (except that not more, than one
duty shall be required for any one month,) and a like duty annually upon
vessels engaged in the coasting trade and fisheries, would produce on
the present tonnage about two hundred and thirty thousand dollars — less
than one-half of the average annual expenses of the light-houses. The
annual duty would be so light as scarcely to be felt; and if other sugges-
tions contained in this report, by which the interests of our navigation
maybe promoted, should receive favorable consideration, they will be
more than remunerated for the amount of duty now proposed.

It is worthy of consideration whether the revenue might not be im-
proved, and the navigation of the country augmented, by the imposition
of a transit duty upon imported merchandise, on its passage from one of
oiir ports to the dominions of a foreign State immediately adjoining the
United States. By the'existing law, no drawback whatever is allowed
in such cases, except to foreign places to the southward or westward of
Louisiana. The facility afforded by the improvement of our interior
communications, and by the application of steam, for the rapid and safe
transmission of goods from our own seaports to the British dominions,
together with the early closing of the ports of the latter by ice, and the .
late periods at which.they open, would ordinarily induce a preference to
that mode of supply, and at particular seasons would be so advantageous
to our owii citizens as to secure a very large portion of this carrying
trade, besides giving additional employment to, our ships. The policy
which has in effect prohibited this trade, doubtless arose from the, appre-
hension that it might afford opportunities for the illicit reintroduction into
this country of the goods thus exported. It was adopted at a time when
the ^yhole amount of duties collected on merchandise, with a deduction
of one per cent., was refunded -on its reexportation.

It is submitted whether the introduction of the just and judicious prin-
ciple of retaining a much larger percentage of the amount of drawback,
and the irnposition of duties in the colonial ports, have not changed, to a
great extent, the ground of this policy. It is not perceived what motive
of interest can exist to smuggle into this country goods which have paid
this transit charge and these duties, rather than the merchandise which,
under existing laws, may be reexported to Halifax, and carried from
thence into the same dominions. Whatever apprehensions may exist on
this point, it is not doubted that they may be removed by adequate
guards. Among these may be suggested the designation of the ports
from which only the reexportation might be permitted, and the produe-
tion of official evidence that the same goods had been received, entered,
and paid duties in the adjaeent British dominions to which they were ,
reexported. It eannot be doubted that such a measure would tend
greatly, to the increase of our tonnage, and restore to our own ships a
trade, of whieh our own poliey has, to a great extent, deprived them.

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612, REPORTS OF THE [184$.

In the last annual report from this Department, the attention of 'Con-
gress was invited to the warehpuse system, and various communications
from custom-house officers and intelligent merchants were submitted. It
is certainly worthy of inquiiy whether the time during which imported
goods ale.permitted to remain in the charge of custom-house officers rnay
not be extended, so as to relieve the importers from the advance of the
duties which they a.re now obliged to make before the amount is. realized
by sales of the goods. ' The frequency of the communications between
our shores and tliose of Great Britain, ' and their surprising regularit}'’,
have doubtless mitigated the burden of these advances upon our own
citizens, as the goods to be imported from that country are, in effect,
warehoused there^and are shipped according, to the supposed demands
of the market. , But it may be , well to inquire whether this mitigation is
not, in fact, destructive of that portion of the importing business of our
own citizens upon which it operates, b}’' tiansfening it to those upon
whom the, burden falls Hghtly, if at alh Possessing large capitals, and
able to command money at much Tower rates of interest than our own
citizens, British merchants can better afford to keep large stocks on
hand, or to advance the duties upon such as they send tons; The same
advantages in their favor exist also in respect to' merchandise ■ imported
from the continent and 'other parts of the world, , In the absence ol
regular' and speedy communications, the stocks of this description must
be ordinarily large, and the advance of duties upon them must absorb
capital and cause a very serious inroad upon the profits of business. ' It
is represented that the importing trade is how chieflj’; in the hands of the
agents of foreign houses. Independent of other considerations yhich
will suggest themselves, ffie consequences to our navigation, to the build-
ing of ^lips, and .to the emplo}'^ment of our own seamen, of giving to sub-
jects of other countries the selection of the means of conducting commerce
with us, may be very serious. And it will Uot escape intelligent legisla-
tors to inquire how far- it is intrinsically just to demand of one class of
our citizens the advance to the Government of a portion of their capital,
while it is not required from any other class. The importers are, in fact,
the collectors of the duties for the. Government; and it.would seem that
very cogent reasons of public policy should exist to compel them to pay
over before they had collected. The general opinion to be derived fforn
the correspondence communicated to Congress in the report before
mentioned is, that the revenue from customs would be augrnenfed after
the first year by the warehouse system, in consequence of the greater
facility that would be given to importations, and 'pfa fair and increased
competition, arid, consequently, a probable reduction in prices ; that
fluctuations in the amount of imports would be prevented ; and that our
commercial marine would- be increased, by rendering this country the
entrepot for merchmidise destined to other unarkets. . In these views I
am inclined to repose gieaf confidence. The better opinion would' seem
to be, however, that the .system of; Warehousing should be' restricted to
prominent articles of considerable bulk, and paying high sp^ecific duties,
such as wines, liquofs. Sugar, molasses, iton, &c. Doubtless the effect
would be to postpone the' coUectibn of that portion of the duties- which
would accrue ori the \varehousfe'd’'aiticles. ' This temporary effect must

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1843.] SECRETARY OF THE TREASURY. 613

be met whenever .the systerti shall be adopted ; and it may as well be
encountered' now as at any other 'time. If the consequence would be,
as anticipated, an augmentation of the. revenue, it could not well happen
too soon. The teiiiporary dehcit which might be created could be pro-
vided, for by an extension of the authority to borrow.

. The loan of seven millions, which has been previously mentioned.
Was effected in pursuance of the act of March 3d, 1843. B}'’ that act,
two mode's of providing, for the amount of Treasury notes then out-
.standing were authorized ; one. by a reissue of notes ; the other by a loan
on a stock for not more than ten years. The notes outstanding at the
passage of the act amounted to $11,656,387 .45, of which rnore than
$8,000,000 fell due before the 1st of July, 1843, and the residue in the
ensuing months. The hazard of a demand for money being created by
any sudden revulsion, which might be produced by contingencies in
other countries, or by causes over which we had no control, seemed to
require that an amount equal to two-thirds of our annual revenue should
not be left in a condition to be thrown upon the Treasury, and thus ab-
sorb the means of carrying on the Government. Nothing appeared to
justify the belief that there would be such an extraordinary increase in
our revenue .for years to come as would be necessary- to meet such a
demand. It was, therefore, deemed advisable to put beyond the reach
of accident such a portion of this large outstanding debt as would relieve
the Department from any apprehensions of inconvenience or danger from
the residue. The great plenty of money, which might be temporary,
edso invited to such a course, as at all events saving a considerable
amount of interest. The state of things actually existing as contempla-
ted by the third section of the act referred to, a loan was accordingly
made, under the direction of the President of the United States, of seven
millions of dollars, upon a ten years’ stock, bearing an interest of five
per cent, per annum, payable semi-annually, at the rate of one hundred
and one dollars and one cent for every hundred dollars of stock, for
nearly the whole — ‘a small portion having been taken on terms still more
favorable. The persons to whom, and the terms on which the stock
was awarded, and the names and proposals of those whose offers were
not accepted, are given in a statement (marked E) accompanying this
report.

By the funds thus provided. Treasury notes bearing six per cent, inter-
est, to the amount of seven millions, have been redeemed. There then
remained of the outstanding notes, $4,656,387 45. These -notes also
bore an interest of six per cent., which was considerably above the value
of money. It seemed a very obvious duty to exercise the authority given
by the first section of the act of 1843, of issuing other ' notes , in such
form and on such terms as would promote the convenience of the Treas-
ury, and avoid the dangers and expense of remitting Coin to the. public
agents for disbursement, and at the same time save to, the country the
greatest amount of interest. The certain prospect of the condition of
the Treasury, which has been exhibited in this report, admonished to
this course, independent of all other considerations. Notwithstanding
.all interest had ceased upon more than two millions of the outstanding
-Treasuiy notes, in Consequence of the notice given of a readiness to

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614 REPORTS OF THE [1843

redeem the whole amount, yet it was perceived that they were not pre^
sented. for redemption, but were retained by the people for the purpose
of remittance in the transaction of their business. This fact indicatec
that the whole amount could probably be reissued, as the outstanding
notes should be redeemed in others of a low denomination, without any
or at a nominal interest: and that they would be received with avidity
by the public creditors, if made., convertible into coin on demand. Ir
this state of things, and for .these reasons, it was determined, with the
sanction of the President, to issue notes of the denomination of lift}
dollars, with interest at the rate of one mill per annum upon one hun
died dollars, and to exercise the authority given by the eighth section o
the act of 1837, by purchasing these notes at par, whenever presentee
V, for that purpose at the depositories of- the Treasury in the city of New
York, where two-thirds of our revenue and means are collected anc
deposited : and to give notice of such a determination by an endorse
ment upon the notes. It was doubted whether- the bonds required b}
law to be given by collectors, or any other officers, w;ould extend to t
responsibility for funds that might be placed in their hands to make sucl
purchases ; and hence it was deemed impracticable to employ them fo;
that purpose, if it had otherwise been considered expedient.

The notes are made payable in one year, rather in conformity t(
the construction heretofore given to the act of 1837, than from' a con-
viction of its being required by that act. The object of the seconc
section seems to be to prevent them from running, or bearing interes
longer than a year. It is silent respecting any shorter period, apparently
with the view of leaving some discretion. The notice that they ve'ill be
purchased is endorsed bn them, distinct from the body of the notes; sc
that, if any extraordinary emergency should occur to produce any diffi-
culty in their purchase, or for any other reason it should be deemed ex-
pedient, the endorsement may be omitted, and the notes permitted tc
circulate without intere.st, or they may be altered to specify a rate
They are riot only receivable for all public dues, but maybe exchangee
for specie at par, at the custom-houses and land offices, to the amount o
one half the coin they may respectively have on hand. Less than twe
hundred and seventy thousand dollars of the new notes have beer
issued. ,,

The effort had been made by a former Secretary to substitute notes
with nominal rates of interest, and also riotes with the low rate of twe
per cent.; but it had not succeeded, in consequence of their not being
convertible into coin on demand ; for, as the present value of a post note
is diminished in exact proportion to. the time it has to run before matu-
rity, a discount upon it can only be prevented by allowing interest equiv-
alent to that time. The question of convertibility, therefore, was in
truth a question whether interest should or should not be' saved, as ffie
permitting the notes to be at a discount was not to be tolerated.

No apprehension was or is entertained of the perfect ability of the
Department to purchase all that may be presented for the purpose.
There is, and always must be, a surplus in the Treasury beyond the
immediate calls upon it. This, with a revenue more than three times
the amount of the notes constantly accruing, would be adequate, as its

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1843.] SECRETARY OF THE TREASURY. 615

\

place could always be supplied with other notes, with or without inter-r
est, as circumstances required, with which a portion of the public expen-
ditures could be met. In the possible event of a large accumulation,
Treasury notes bearing such interest as would insure loans not exceed-
ing the prescribed rate, or a resort to the authonty to issue a stock, would,
either of them, be sufficient to provide the necessazy funds to meet such
accumulation. '

The exigencies of the Treasury demanded that the effort should be
made to relieve it from such a weight of interest,- especially as it would
not preclude a return to the system which invites banks to hoard Treas-
ury notes, by allowing them an interest, while they borrow of the com-
munity, without interest, to the extent of their circulation.

The authority given by the Constitution to “ borrow money on the
credit of the United States,” in its terms comprehends every form of
loan which Congress may think proper to prescribe ; and it is not easy
to perceive how this express and unqualified grant of power can be
■limited or curtailed. Certain it is, that the most, distinguished among
those who contend for a strict construction of the Constitution, have
given their sanction to the existence of this power, in the form of bills
of credit or Treasury notes.

Well-founded objections exist to borrowing, without an urgent neces-
sity, in the form either of permanent loans or those of a temporary charr
acter. That necessity must also influence the terms and conditions of
either mode. The former, by putting off the day of payment to “ a, more
convenient season,” removes the most effectual check to prodigality, and
offers a temptation of difficult resistarice. It has, accordingly, proved the
bane of all Governments. The policy of the Treasury-note system,
seems, to have, been devised to guard against this evil by bringing the
day of payment close upon that of expenditure; and it would seem that
the more immediate the liability to pay, the more would that policy be
promoted. The postponement even for a year invites to profusion, and
no check can be so effectual as instant responsibility. Every loan thus
made directly from the people, is in fact made not in consideration of
the interest agreed to be paid by the Government, but literally and solely
upon “the credit of the United. States.”

If, after such “notes have answered the purpose of Government in pro-
moting convenience, security, and economy in the public disbursements,
they should, in consequence of their uniform value, be kept in circular
tion to any considerable extent, by our fellow-citizens, for their own
convenience in -maintaining interna.1 trade-, and keeping down the fluctu-
ations of exchange between different parts of the country, arising from
a disordered currency, it is not perceived how such a- result affords
ground for objection to a system constitutional in itself, and adopted for
legitimate and constitutional objects. ' It is submitted that ;the Govern-
ment is responsible only for the use which it makes of the power to incur
a debt, and not for the use or abuse by the people of the evidences of
that debt which it may issue.. Their application by the coihmunity tp
the purpose mentioned, is a proof that" they are wanted for that purpose,
and that “the credit of the United, States” has taken the' place of local,
chartered, or State credit.. Those who object to such a consequence in

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6i6 REPORTS OF THE [1843-

tlie presteilt state of our finances, which require a loan in sorne ffirm j must,
however, choose between the evils of that result (if they are evils) and
the perils of a permanent national debt, which must either be created
directly, or must follow at no remote period, and take up securities which
may be issued in the form of a protracted promise to pay ; for in this, as
in other cases, we are not allowed the use of means ehtirely fiee from
objection, but are compelled to select between different modes that
which is the least objectionable.

At all events, the small amount of Convertible Treasury notes that
rhay be issued under existing lawsi (less than one-third of the annual
receipts, and less than one-fouith of the annual public expenditures,)
cannot create any very dangerous “paper currency.”. And it is sup-
posed that the objections referred to are not so much to the issue of
such an amount as a temporary expedient, but are founded rather upon
an apprehension that these notes will be so useful to the Govemnientj
and so beneficial to the people, that their issue may hereafter be carried
to excess. It is a fair question, whether the danger of excess in this
mode of borrowing money is equal to that arising from loans upon
deferred tinted of payment? While the wisdom and firmness of Con-
gress ought not to be distrusted in either case, yet it is worthy of obser-
vation, that the mode which requires immediate liability to pay, fur-
nishes a 'guard in itself against abuse, by the instant and infallible check
Which it furnishes upon issues beyond the means of converting, into
coin. ■

A brief synopsis of the foregoing statements and suggestions, in- rela-
tion to the deficiency of means to meet the ordinary expenses of GoV-
efnment during the current and the next fiscal year may bte useful. By
■extending the loan which becomes due 1st January, 1845, its -amount
'($5,672,976 88) may be provided for. . ,

By the raising of light money, by a duty on articles now free, (paftic-.
uferly tea and coffee,) and by^ the other means suggested in this report,
an addition may be made to the ■levenue of between four and five mil-
■iions of dollars. Estimating this at four million five hundred thousand
dollars, there will be left to be provided for four million five hundred
thousand dollars, and the outstanding Treasury notes amounting to a
little mote than four million six hundred thousand dollars. These two
iteinsj amoufiting in the whole to nine million one hundred thousand
"dollars, might be supplied by a continuation of the act of . March Sj
1843, ’(providing for the reissue of Treasury notes, with a contingent
"authority to fund' into a stock,) which is limited to the 1st of July^ 1844,
■and by extending it so as to include the anticipated deficiency of four
' million, five hundred thousand dollars, or such portion of it as it may be
, found expedient to meet in this’ manner. -By this, an increase of the
permanent public debt may be avoided ;, and any reduction of expendi-
tures, or increase of revenue, that may take place 'will enable the Depart-
ment to redeemla portion of this floating debt. For this reason, if for no
• 'Other, it is advisable that this portiOri ■of our debt should be kept in such
a Condition that it may be redeemed at pleasure. Should the discretion
as to the rate of interest, on the Treasury notes to be issued be abro-
gated. Or should the authority to ■purchase them on. presentation be With-

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Federal Reserve Bank of St. Louis'

1843 .]

SECRETARY of; THE TREASURY.

617

held^which would be equivalent, to a direction that interest shall be
paid at all events-r-then it will be necessary to add to the estimated defi-
ciency for the sei-vice of . the next fiscal year at least four hundred and
fifty thousand dollars. , '

There are some subjects to which it seeiiis a duty to invite the atten-
tion of Congress before closing this report.

To prevent illegal importations on our southwestern frontier, as well
as to afford the proper facilities to traders who may wish to bring mer-
chandise in that direction, it would be advisable that a port of entry
should be established in that quarter. The town of Independence, in
Missouri, has been suggested as a good position.

By the existing law, an appeal to the Supreme Court cannot be made
from the decision of a circuit court, in cases involving the amount of
duty that may be levied on imported merchandise; because the amount
in controversy, /in the particular case, never exceeds the prescribed
limit. The courtesy of the judges sometimes induces them to disagree
in formj in order to obtain the opinion of the Siiprenie Court. But it
frequently happens that only one judge holds the court ; and it would
Seem that the Government ought not to be indebted to the courtesy of
any officer for. the opportunity of conocting what may be an erroneous
construction of its. revenue laws. Tbe principle which prescribes a lim-
itation- of the value of the subject in controversy, in civil suits, to entitle
a party to an appeal, is believed not to be applicable to questions of
tevenue, where the decision of a particular case may, and often does,
involve hundreds of thousands of dollars; and it is submitted that, in all
such cases, the United States should have the right of appeal, of course;
but- that the costs consequent upon such a proceeding should not, in any
event, be charged upon the opposite party.

■ ■ A practice has- prevailed of allowing the compensation of clerk4
employed in the custom-houses to-be paid out of the revenue, in cases
where the fees were not deemed adequate to obtain the necessary num-
ber. Believing this practice unwarranted by law, and being confirmed
in that view by the opinion of the Attorney General, it has been abol-
ished. There are probably cases, however, where legislative provision
will be necessary to procure the proper assistance to the collectors and
naval officers.

The provision for the relief of sick and disabled seamen is, and for
years has been, wholly inadequate to its purpose. Seamen being, from
their pursuits, usually unable to share in the general provision for the
destitute, and having contributed to this fund what the law demands,
claim its benefits, without knowing or referring to its amount, or to the
legal restraints upon those charged with its administration. All efforts
to prevent the expenditures exceeding the means provided, have here-
tofore been unavailing ; and there is constantly a jbalance against the
fund, which is supplied by appropriatidns from the Treasury. To
increase the amount demanded from them would be odious, if not oner-
ous. By the act of March 1 , 1843 , the laws requiring contributions to
this fund are extended to the nwram of registered vessels. It is sub-
mitted whether this principle might not, with great propriety, be still
further extended to the owners "of all vessels, in the form of either

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Federal Reserve Banl^of St. Louis

618

REPORTS OF THE

[1843.

monthly or yearly contributions,, graduated by the tonnage of the vessel.
This provision, with that already suggested, of appropriating tb the
■ same purpose the discriminating tonnage duty, would probably furnish
the relief which humanity as well as policy dictates should be extended
to a class of men proverbially improvident, but yet identified with, the
power and prosperity of the country.

The condition of the marine preventive service against smuggling has
been materially improved,, while a wholesome economy has' been pre-
served. It will be the subject of a special report. The light-house
establishment will also be the subject of a future communication to Con-
gress. Reports from the Commissioner of the General Land Office, and
from the Solicitor of the Treasury, respecting suits and prosecutions in
behalf of the Government, will also be submitted.

- It. affords me great pleasure to state that there has been no delinquency
or default on the part of collectoi’s of the customs, the receivers of public
moneys, or any other officer or agent charged with the receipt or deposite
of the public funds. The sums which collectors and rceiveres are per-
mitted to retain in their bands, have been limited to the very lowest
amount the public service would allow, while they have been required
to deposite the surplus immediately in the institutions ’designated for
that purpose. A rigid adherence to these regulations is maintained by
means of a constant watchfulness of their accounts. , A list of the depos-
itories selected by the Treasury accompanies this reports The terms
on which they are employed are the same as those settled in 1833, and

S romulgated in the circular of the Secreta ry of the Treasury -on the 9th
ay of October in that year. A few of them merely receive the public
moneys on special deposite. It is but an act of justice to say that they
liave faithfully fulfilled all their engagements; have transferred the funds
as required without expense to the Government; and have promptly
met all drafts upon them.

I am unwilling to omit the opportunity of inviting the attention of
Congress to the multitude and frequency of oaths prescribed in our
system of collecting the revenue. A custom-house oath’ has become a
by-word to describe an unmeaning ceremony, and it is doubted whether
it is felt as imposing an obligation equal to that of a simple affirmation. '
It is not perceived why the same penalties may not be inflicted for the
wilful falsehood of a declaration in writing, which might be substituted,
in most cases, for the irreverent invocations of the Supreme Being. A
bare allusion to the subject, it is hoped, will be sufficient to induce that
consideration of it to which it may be entitled.

, Respectfully, .

JOHN. C; SPENCER, Secretary of the Treasury,

To the Hon. John W. Jones, ' .

> Speaher of the House of Represe^itatives,

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Federal Reserve Bank of St. Louis '

1843.] SECRETARY OF THE TREASURY. 619

List of Statements and Tables accompanying the Rejjort of the Secretary of

the Treasury.

i

A. Statement of duties, revenues, and public expenditures, during the

calendar year 1842.

B. Statement of duties, revenues, and public expenditures, between 1st

January and 30th June, 1843.

C. Statement of the revenue, expenditures, public debt, and balances

in the Treasury, from January 1, 1837, to September 30, 1843.

D. List of the general depositories of the Treasury, and of the banks in

which special deposites are made.

E. List of the persons to whom the seven million loan was awarded,

with the terms, and the offers not accepted.

F. Statement of the debt of the United States, December 1,^1843.

G. Statement of the value of foreign merchandise imported, reexported,

and consumed or on hand, annually, from 1821 to 1842.

H. Statement of the value of the exports of domestic products and

manufactures, and of foreign merchandise, reexported annually,
from 1821 to 1842.

I. Statement of the value of merchandise imported annually from 1821

to 1842, and the gross duties accruing thereon.

K. Statistical view of the commerce of the United States, exhibiting the

value of exports and imports, and the tonnage employed in the
foreign trade, from 1821 to 1842.

L. Statement exhibiting the duties on merchandise and tonnage, the

drawbacks, bounties, andexpensesof collection, from 1821 to 1842.

M. Values of the several articles of merchandise imported annually,

from 1821 to 1842.

To this statement are annexed,, as explanatoiy thereof, the following
tables:,

M No. 1. Showing the various articles included in the column
headed “ Cottons.”

M No. 2, The articles included in the column headed “ Wool-
ens.”

M No. 3. Those included in the columns of “ Linens, and
manufactures of flax,” and of “Manufactures of hemp.”

M No. 4. Those included in the column “ Manufactures of
iron and steel.”'

M No. 5. Those included in the column “.Hemp and cordage.”

N. Statement of the value of articles imported, designating the countries

from which received, annually, from 1821 to 1842.

O. Statement of domestic articles exported annually, from 1821 to 1842. -

P. Statement of the value of articles. exported, designating the countries.

to which exported, annually, from 1821 to 1842.

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Federai Reserve Bank of St. Louis

620 REPORTS, OF THE [1843.

A.

Statement of Duties, Revenues, aui Public Expenditures, during the calendar
year 1842, agreeably to warrants issued, exclusive of trust funds.

The receipts into the Treasury during the year 1842, were as
follows: . . ”,

From customs, viz: —

During the first quarter.

During the second quarter :

During the third quarter.

During the fourth quarter.

From sales of public lands .'

From miscellaneous and incidental Sources

-Total receipts, exclusive of loans and Treasury notes. . .
Avails of Treasury notes issued under act of February 15,

1841'.

Avails of Treasury notes issued under act of Janury 31,

1842 :.

Avails of Treasury notes issued under act of August 31,

1842 '. .

Avails of loans of 1841 and 1842. , . .. .’. ;

Total means,

The expenditures for the year 18.42, exclusive of triist funds,
were, viz:

CIVIL LIST.

■Legislature., '

Executive. . .

Judiciary •....,

Governments in the Territories of the United States

Surveyors and their clerks.

Officers of the Mint and branches.

Commissioner of the Public Buildings..

Secretary to sign patents for public laiid£ i

Tgtal civil list

FOREIGN INTERCOURSE.

Salaries of Ministers. '

Salaries, of Secretaries of Legation. 1.1....

'Salaries of Charges d’Affaires.

Salai-y of Minister Resident to Turkey

Outfits of Ministers and Charges d’Affaires

Salary of dragoman tb.Turkey, and contingencies. .'

Diplomatic agents in Europe, attending to tobacco interest. .

Contingent expenses of all the missions abroad

Expenses incurred by the legation to Mexico, in relatipn to

'■prisoners . .- ■.

Contingent expenses of foreign interco.urse. . t

Salary of the consuls' at London and 'Paris. . ... . . ... ...

Relief and protection of American seamen.,. ........ .... ....

Clerk hire, office rent, &c., to American consul, London. , . .

Intercourse with Barbary Powers

Interpreters, guards, &c., at the consulates in'Turkish domin-
ions

Expenses of the commission under convention with Mexico.

Total foreign intercourse. .'

SI, 840,721 15
6, 138, .390 62
6,281,659 18
3i927,137 81

$18,187,908 76
l,335j797 52
120,260 12

-

■

19i64‘3.,966 40,

1,060,206 05

7,914,644 83

• 2,408,554 89
3,425,329 87

14,808,735 64

-

34,452,702 04'

1,203,513 16
887,615 23
• 560,990 87
141,2.64 82
51,141:46
44,077 .55
.3,000 do
1,500 00

' ■ -

2,893,103 09

62,012 85
16,465 71
55,369 15
4,395 00
. 45,000 00
2,025 00
, 8,500 00
45,819 29

. 5,150 00
25,500 00
2,166 66
58,410 52
3,444 47
11,509 00

3,000 00
9,117 12

357,884 77'

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Federai Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY.

A — Continued.

’miscellaneous.

Surveys of public lands.

Support and maintenance of ligllt-hous'es, &.ci '. . . .'. ........

Marine hospital establishment . . . ...... .

Public, buildings, &c., in Washington '.

Furniture of the President’s house.’.. ..’.!...,.'..'....'.'.’...'.'..

Support and maintenance of the penitentiary.

Sixth census.. •! .... .... -• ... • •

Patent fund 1

Distribution of the sales of public lands ’. ..... . .. . .

To meet the engagenients of the Post Office Deparfmenf.. . .’.

Public buildings in Iowa Territory. . ..... .. . . 1 . . . .

Printing, &c., ordered by Congress. . . .

Building custom-houses, &c. ’. ..'

Survey of the. coast of the United States.

Mint establishment

Two per cent, granted to the State of Mississippi, act Septem-
ber 4, 1841. ......'. '. ’

Two per cent, on sales of public lands in Alabama

Relief of sundry individuals. ...... . . .’. ’. . . .’. 1 ,

Miscellaneous claims unprovided for ’. .. . . .. . . . .

Exploration and survey- of the nortlieasterti boundary line.
Insane hospital fOr .the District of Columbia’. . . .. .... .

Bridge across. Pennsylvania avenue

Removal of .tli.e. statue of Washington . . ’. '.. .

Purchase of ground north of the:General_Po®t Office

Erecting and lighting lamps on Perihsylvariia ’avenue

Auxiliary watch' in the city of W ashington'.

Expenses incidental to the issue of Treasury notes

Expenses incidental to the loans

Temporary support of lunatics of the District of Columbia.

■Three and five per ce.nts to certain States. . . .'

Relief of the several, corporate cities of the District of Columbia

Debentures and other charges

Additional compensation to collectors', &c.

Payment of horses, &c., lost.

Duties refunded under protest

Repayments for lands erroneously sold.

All other items of a miscellaneous nature

Total miscellaneous.

UNDER DIRECTION OF THE WAR DEPARTMENT.

Army proper. ;

Military Academy ;

Fortifications and other works of defence

Armories, arsenals, and munitions of war

Harbors, roads, rivers, &c ■

Surveys '.

Light-houses and marine hospitals

Pensions

Indian department..

Claims of the State of 'V^irginia

Arming and equipping the militia

Payments to militia and volunteers of the States and Territories

Meteorological observations at military posts

Relief of sundry individuals ■ '.

Total under direction of the War Department.

UNDER DIRECTION OF THE NAVY DEPARTMENT
Pay and subsistence, including medicines, &c.

#91,664’78
' 389,388 84
114;771 73'
164,963 56 ;
'1,500 00
10,503 .50.
190,136 94
47,220 00
42.5,607 68'
53,697 00
. 600 00
' 40,532 68
’ 109;560 03
87,263 00
84,782 87

144,214 33
119,207 61
407,696 33
8,290 .34
49,90l 42

3.000 00
12,000 00

' ' '860 00
23,243 75
1,100 00
2,.396 79
3,095 19
.4,923' 19

4.000 00
70j901 78

132,724 05
.375,004 00
23,637 62
2,825 98
183,479 17
16,468 99
19,384 92

3,641,778 29
178,776 05
958,277 90
738,979 79
108,482 34
37,708 32
14,804 13
1,445,212 78
1,097,006 65
16,915 53
211,811 10
420,837 43
1,000 00
52,917 66

4,048,441 52 |

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Federai Reserve Bank of St. Louis

621

p,420,548 07

8,924,507 97

REPORTS OF THE
A — Continued.

Increase, repairs, armament, and equipment. .

Contingent expenses : . .

Navy -yards

Navy hospitals and asylum.

Magazines

Survey of the coast from Appalachicola bay to the mouth of

the Mississippi '

Charter of the steamers Splendid and Clarion, for the survey

of Nantucket shoal., i

Arranging, preserving, &c., collections made by the. Explor-

in Expedition.

Erecting the statue of Washington ;

Suppression of the slave trade

Relief of sundry individuals

Marine corps

Total under the direction of the Navy Department.
PUBLIC DEBT.

Paying the old public debt

Interest on the loans of 1841 and 1842.

Redemption of Treasury notes

Interest on Treasury notes

Total public debt.,

Total expenditures.

P, 114, 473 10
'485,166 04
235,328 29
: • 24,182 27
619 13

10,925 28

4,345 39

' 15,100 00
4,000 00
2,584 57
1,998 79'
377,829 32

P,324,993 70'

5,165 25
405,894 07
7,704,674 84
362,134 78

-

8,477,868 94

32,398,906 54

Treasury Department, ■ . -

Register’s Office, November 15, 1843.

T. L. SMITH, Register.

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Federai Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY. 623

B.

Statement of ^Duties, Revenue, and Public Expenditures, between January l and
Jwne 30, 1843, agreeably to warrants issued during said period, exclusive
of trust funds.

The receipts into the Treasury from January 1 to June 30,
1843, were as follows:

From customs, viz—

During the first quarter.

During the second quarter. ;. . . .

From sales of public lands i

From miscellaneous and incidental sources.

Total receipts, exclusive of loans and Treasury notes. . . .

Avails of Treasury notes issued under act of January 31,

. 1842 .....:.

Avails of Treasury notes issued under act of August 31, 1842.

Avails of loans of 1841 and 1842.. .;

Avails of loan of March 3, 1843

Total means

The expenditures from January. 1 to June 30, 1843, exclusive
of trust funds, were, viz:

CIVIL list;

Legislature..

Executive

Judiciary. . .V.

Governments in the Territories of the United States

Surveyors and their clerks

Offices of the Mintand branches ;

Commissioner of, Public Buildings. '. '.

Secretary to sign patents for public lands

Total civil list

FOREIGN INTERCOURSE.

Salaries of Ministers.

Salaries of Secretaries of Legation

Salaries of Charges d.’Affaires

Salary of Minister Resident to Turkey

Contingent expenses of all the missions abroad

Salary of dragoman to Turkey, and contingencies

Outfit of Charge d’Affaires to Denmark...

To establish the future commercial relations with China

Compensation for certain diplomatic services

Contingent expenses of foreign intercourse

Salary of consul a^t Londoni y.

Relief and protection of American seamen. .... .i. .. .i .... . .
Clerk hire, office rent, &c., to American consul, London. . . .'

Intercourse with Barbary Powers.'.

Compensation to a Commissioner to the Sandwich Islands. .
Expenses incurred by the legation to Mexico, in relation to

pnsoners . .

Extra compensation to the late agent for prosecuting the claim
to the Smithsonian legacy, .' .....

Total foreign intercourse

iJ2,940,804 16
4,106,039 75

$7,046,843 91
897,818 11
120,663 44

-

8,065,325 46

45,350 00
617,000 00
4,883,358 36
6,934,000 00

12,479,708 36

-

20,545,033 82

335,183 92
440,898 82
287,058 04
79,260 92
- 33,309 93
19,050 00
1,419 44
750 00

’

1,196,931 07

33,507 29
7,850 00
25,325 00
2,765 00
23.557 37
1,952 55
4,500 00
■ 40.000 00
15,081 49
8,000 00
' 1,007 06
27,867 02
1,400 00
4,80387
2,150-00

810 75

3,815 73

204,393 13

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Federai Reserve Bank of St. Louis

624

REPORTS OF THE
B— Continued.

, . MISCELLANEOUS.

Surveys of public lands.

Support and maintenance of light-houses, &c.

Marine hospital establishment. . .-... 1

Public buildings, &c., in Washington... , . .

Support and maintenance of the penitentiary of the District

of Columbia

Sixth census .'

Patent fund i '. . .'. . .

Distribution of the sales of public lands'.'. '.. . . .'. .

To meet the engagements, &c., of the General Post Office

Department. .■...:

Documentary History of the American Revolution. 11

Payment of .books ordered by Congress .....

Payments to Maine and Massachusetts under the fifth article

. of the treaty of Washington.. 1.

Building custom-houses, &c. — .•

Survey of the coast of the Uoited States- ... - • 1 • . - •

Mint establishment '.

Relief of sundry. individuals.. , . , 1 .1.1 1... . T. .. .1 .1

Miscellaneous claims unprovided fo’ii 1 1 . .’..1 . .. .1 .1 ......'.

Sales of certain. lands ceded by Ottowa Indians

Survey and exploration of the northetistern boundary line. . .
Erecting penitentiary in Iowa Territoryl 1 '. .'.'.1 . . .. .

Three per cent, fund to the State of Missouri ■

Relief of the several corporate cities of the District pf Col-
umbia . . . .

Debentures and other charges .■ — . ;

Additional compensation to collectors, &c

Payment of horses, &c., lost.. . .

Duties refunded under protest

Repayment for lands erroneously sold.

Insane ho.$pital for the District of Columbia. . . ... ;. ... .

Rerrioval of the statue of Washington

Auxiliary watch for the city of 'Washing-ton

Expenses incidental to the issue of Treasury notes.

Expenses incidental to'Ioans. ...... ....

Testing the capacity-and usefulness of- the system of electro-
magnetic telegraphs . 1

Results and-accovmt of the Exploring Expedition.

Temporary support of lunatics of the District of Columbia. .
All other items of a miscellaneous nature

T otal miscellaneous .

UNDER DIRECTION OF THE WAR DEPARTMENT,

Army proper. . . ’. .. .'. .. . . .

■ Military Academy .'. .'. . .!. . . .. . . . .

Fortification's and other works of defence.

■ Armories, arsenals, and munitions of war. ’. . .................

Harbors, rivers, roads, <Stc v. .. i .1 . .. ........

Surveys

Light-houses and marine hospitals....

Pensions V. i 1’. .'. .1

Indian department i .1 i i.i'. ..,1 i .

Claims Of the State of 'Virginia..'. .'.-..I.. , .

Arming and equipping the militia.'.'.'.'; ..1 1. . i . i

Payments to militia an.d.volunteersdrSfatekanTTeridtQfi'es. •
Relief of sundry individuals. ..... i, . .."i . ... .

Total under the direction of the "WaFpepiiudmerit.- . . .

j}23,901 51

184. . 548 46
50,134 54
21,698 60.,

4,500 00
26,752 14
19,925. 00
83,233 79

21,303 00
34,468 00
41,618 00

300.000. 00
'05,571 64

' '26,300 00
33,020 00.

72.0. 78 77

. 904 75

20,679 90

21.. 382 05
14,400'00
10,492 31

'V93,560 64,
2,450 00
100,923 85.
28,596 69
143,478 78
7>712 59'

7.000 00

■ 2,500 00

3,416 .57
1,581 04
11,346 '79

8.000 00
5,000 00

5O0-OO
.12,985 12

1,693,2?4 73
63,605 10
. 40'4,083 78..
'328,203 94
104,698 68-
21,472 00.
' ' 4,667 04
836,2.77 36,
.■444,585.30
- ■ .6,572.50
. 84,540 75.
109,649 34
56,753 .79

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Federai Reserve Bank of St. Louis

[1843.

#],465,9'64 53 '

"4,158,384 31 :

625

SECRETARY OF THE TREASURY.
B— Continued.

UNDER DIRECTION OF THE NAVY DEPARTMENT.

Pay and subsistence, including medicines, &c.

Increase, repairs, armament, and equipment

Contingent expenses

Nary-yards

Navy hospitals and asylum 7 , .

Repairs of magazines

Pensions to invalids and widows and orphans

Survey of the coast from Appalachicola bay to tlte mouth of

the Mississippi river.

Survey of the harbor of Memphis, Tennessee.

Arranging, preserving, &c. , collections made by the Exploring ,

Expedition —

Building depot of charts i —

Purchase of the use pf Babbitt’s anti-attrition metal.. .. .. . . .

Suppression of the slave trade

Relief of sundry individuals ; .■

Marine corps

Total under the direction of the Navy Department. . . .

PUBLIC DEBT.

Paying, the old public debt

Interest on loans of 1841, 1842, and 1843.

Redemption of Treasury notes

Interest on Treasury notes

Total public debt.

Total expenditure ..

#2,079,546 42
916,172 35
■ 339,505 63
67,055 60
13,245 59
306 00
21,449 00

3,923 53
111 12

2,000 00

3.000 00

■ 20,000 00

2.000 00

1,.324 76

203,077 79

5,224 32
386,187 88
332,788 32
137,406 95

3,672,717 79

861,607 47
#11,559,998 30

Treasury Depar'ument,

Register’s Office, iVooemiej’ 15, 1843.

•T. L. SMITH, RegMter.

VoL. IV. — 40.
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Federai Reserve Bank of St. Louis

626 REPORTS OF THE [1843.,

' ' . ■ • . C.- •

Statement showing the Revenue from Customs and other sources, Expenditures ,

January 1, 1837, ta^

RECEIPTS.

Total, receipts

' RECEIPTS.

Year$.

From duties on
merchandise.

From ptiblic
lands, .<fe miscel-
laneous sources.

from revenue,
acci'uing during
the year..

From debts and
other funds,,
which existed
' before 1837.

From loans at)d i.
Treasury, notes.

1837

1838

1839

1840

#11,16.5,970 22
16,155,4.55 53
23,136,397 .10
13,496,834 37

#6,863,556 46
3,214,183 93
7,261,117 94
3,494,356 41

#18,029,526 68
19,369,639 46
30,397,515 04
16,991,190 78

#2,992,989 15
12,716,820 86
.. 3,857,276 21
. 5,'589,547 51

63,954,657 22

20,833,214 74

84,787,871 96

8,576,697 53

25,156,633 73

1841

1842'

To Sept. 30,
1843

14,481,997 88
18,176,720 76

13,179,116 00

1,470,295 12
1,434,878 58

1,426,028 82

15,952,293 00
19,611,599 54

14,605,144 82

*680,162 55
*32,367 06

*8,194 38

13,659,317 38
14,808,735 64

12,545,708 36

#45,837,834 64

#4,331,202 52

#50,169,037 16

#■720,723 99

#4-1,013,761 38

* Receipts from debts and other- funds which existed before 1841.

Actual balances above stated brought down ...

In- these balances are included .the following amounts of unavailable P
funds, parts of which, by act of March 3, 1837, were passed to the
credit of the Treasurer, and to the debit of the banks where the y
money had been deposited; leaving these sums as parts of the I
- balances in the Treasury.' ' - - - J

Balance, in the Treasury on the 31st December, 1836, exclusive of trust
Including the amount subsequently deposited with the States,
which being deducted from the balance, leaves an available balarice
The amount paid on account of the principal and interest of the public

December 31, 1840, was :

And between Januaiy 1, 1841, and September 30, 1843, was ^ ,

The amount paid for interest on Treasuiy notes, during the period first
And the sum paid for interest on loans and Treasury notes between

These payments are included in the column of “Payments

Treasury Dbpartiwent,

Register’s Office, December 1, 1843.

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Federai Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY.

G.

Public Debt, nominal and actual balances in the 'Treasury each year, from
September ZQ, 184:3.

Total receipts.

. Expenditures,
exclusive of
payments on' •
account of tlie
debt, according:
to. the warrants
each year.

Payments on
account of the
old debt, Treas-
ury notes, and*
interest.

Total

expenditures.

Nominal
balance in the
Treasury at ^
the end of ea'ell'
year.

Actual bal- •
ance,exclusive
of deposites :
, with the
States, and
outstanding ^
warrants.

UM

P3-, 830,097 21
37,026,818 47
36,117,176 68
26,43-7,761 37

$37,327,252 69
36,891,19'6 94
■ 33,157,503 68
29,963,-163 46

$6,654,435 73
6,493,748 63
■ 3,235,418 78
1,196,627 65

118,521,203 22

112, 579’, 43

20,832,144 30

30,291,772 93
34,452,702 0^

■'27,159,047 56

26,394,3« 31
23,921,057 60

16,920,193 33

5,698,380’ 74
8,477,848 94

7,859-,'i94 49

32,092,724 05
32,398,906 54

24,779,387 82

28,685,111 08
30,521,979 44

32,901,639 18

SB

$91,903,522 53

$67,235,594 24

$22,035,424 17

$89,271,018 .41

JVbt«. — In above statewent the.trust funds are excluded.

1837. 1838. ■ 1839. 1840.

$6,654,435 73 $6,493,748 63 $3,235,418 78 $1,196,627.65

1,559,540 53 1,496,252 IS 1,496,252 IS 37,469 25

$5,094,895 20 $4,997,496 45' $1,739,166 60' $1,159,158 40

$28,101,644 19, and $1,559,540 53 unavailable funds,-

January 1, 1837„ of 16,087,278 88

debt existing before 1837, between January 1, 1837, and

■ .......1 : ' ' 52,898 99

' 32,320 08

mentioned was 1. 589,428 45

January 1, 1841, and September 30, 1843, was ... 2,005,844 69

on account of the old debt. Treasury notes, and interest.”

T, L. SMITH, Register.

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Federal Reserve Bank of St. Louis

628

REPORTS OF THE ; , , £1843.

D. ,

hist of Gen^'ol Deposite Banks.

Cbmrnercial Bank. ..Portsmouth, New. .Hampshire;.

Merchants’ Bank..-.. Boston, Massachusetts.

Arcade Bank. ’ Providence, Rhode Island.

Farmers and- Mechanics’ Bank -Hartford, Connecticut.

Bank of Commerce. ^New York. .

Bank of America. .New York.

Merchants’ Bank ; ^ . .New York. ' , . .

.. . Philadelphia Bank. . i V. - - ----- - - - - -Philadelphia^ Pennsylvania,

Exchange Barik. .Pittsburg, Pennsylvania.

Merchants’ Bank,. 1 . .Baltiniore, Maryland.

Bank of Baltimore. ^ .. . . .Baltimore, Maryland.

Bank of the Metropolis — . . .Washington, District of Columbia.

Southwestern Railroad Bank . .Charleston, South Carolina.

Barikmf Louisiana. ..... '. .New Orleans, Louisiana;.

Ohio Life Insurance and Trust Co., ..Cincinnati, Ohio. , . ...

Chntoh. Bank of Columbus... .... . i .Columbus, Ohio., ' . ' • , .

Bank of Norwalk .Noi-walk, Ohio. . ,

Michigan Insurance Company .Detroit, Michigan.

Bank of Sandusky . ... Sandusky, Ohio,

Banks in which Special Deposites are made.

American. Exchange Bank. New York.

Bank of Washington.,. Washington, District of Columbia^

Bairk of Potomac Alexandria, District of Columbia.

Bank. of Virginia Richmond, Virginia...

Exchange Bank of Virginia. ..... . .NorfoUi, Virginia.

Planters’ Bank of Georgia . .Savannah, Georgia.

.Bank of Mobile. . -. .Mobile, Alabarna. : .

Union Bank of Tennessee. .Nashville, Tennessee, ;

Bank of Missouri. . . ,St. .Louis,' Missouri.

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Federal Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY. 629

E.

UNITED STATES LOAN OF 1843. - •

. Statement of Persons to whom was awarded the Stock of the Loan for seven
millions of dollars, at five per cent, interest, payable in ten years from July 1,
1843, with the terms.

OFFERS ACCEPTED. — ^

Names of Subscribers.

Amount.

Rate of pre-
mium.

Rate of inter-
est.

Amount of
premium.

r ' - .

John Ward & Co..'.

Secretary of War, in trust for Indian )

tribes \

Southwark Bank

Bank of Potomac.

Piscataqua Bank ...

Charles Davies, Treasurer Military )

Academy, West Point.. . )

Daniel Parker.

Philadelphia Savings Fund Society

Penn^lvania Company for Insurance )
on Lives and Granting. Annuities. . J

■'16,498,000

50.000

200,000

40.000

30.000

16.000

10,000

100,000

56,000

#101 01 ■
101 01

101 01 •
101 01 .
101 01

101 01

101 01
102 37|

101 55

■ ■

5 per cent,
do.

do-.

do.

do.

do.

do.

do;

do.

#65,629 80
505 00

2,020 00
404 00
303 00

’ 161 60

101 00
2,375 00

868 00

#7,000,000

#72,367 40

OFFERS NOT ACCEPTED.

Fatapsco Bank . . .

George Curtis

John A. Stevens.

J. G. Fendi

Bank of Baltimore

Horace Binney

J. G. Thayer & Brother

Corcoran & Riggs .’....

Franklin Haven

Corcoran & Riggs .'■...

Corcoran & Riggs..

Bernard W. Campbell.

Massachusetts Fire and Marine Insu- )

ranee Company ^

Josiah Bradlee & Co

William Pratt

Phineas Uphara

Middletown Bank.

Bank of Charleston, S. C..

James Camak

Bowery Savings Bank .......

Timothy C. Leeds

Provident Institution for Savings,)

Boston $

John W. Tredwell .

Thomas P. Hoopes

John J. Swift

Btmk of the Metropolis

Henry Toland.

#20,000

50,000

50.000
30,000:
100,000

16.000

30.000
- '100,000

2,000,000

350,000

1,000,000

10.000

60,000

68,000

lOOiOOO

25.000

30.000
100,000

30.000
125,000.

10.000

123,000-

20,000

10,000

10,000

500,000

1,000,000

#101 00
101 00
101 00
101 00
100 75
100 75
100 75 .
100 75
100 90
100 25
100 00
100 00

100- 00

100 00
100 00^
lOO 00
100 00
100 00
100 00
100 00
' 100 00

100 00

100 00
100 00
100 00
“ Most favor
103 10

5 per cent.

. do.
do.
do. ■
do.
do.

- do.
do.'
do.
do.
do.
do.

do.

do.
do.
do.
do,
do.
do.
do.
do- '

do.

do,

do.

do.

able’terms.”
5 percent.

The two last bids were not received until after the time for making offers had expired, and
the arrangement had been closed with those wliose offers were accepted.

fi ■ t

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Federai Reserve Bank of St. Louis

m REPORTS OF THE ;[1843.

Statement of the Debt of -the United States, December 1, 1843.

1. Of the (old) funded debt, being unclairried principal -

and interest returned from the late loan offices f208,’0i()9 34

2. Outstanding certificates and interest to December 31,

1798, of the (old) unfunded debt, payable on pre-
sentation ...... . 24,214 29

3. Treasury notes issued during the late war, payable on '

presentation •, 4j317 44

4. Cerdficates of Mississippi stock, payable on presenta-

' tioh 4,320 09

5. Debts of tbe corporate cities of the District of' Colum-

bia, assumed by the United States, viz : ■ . . :

' Of the city of Washington. . ....$900,000,00

Alexandria 210,000. 00

Georgetown 210,000 0.0

— - 1 , 32 . 0,000 00

6. Loans, viz:

Under the act of July, 21, 1841, redeem-
able Janutiiy. 1, 1845 .5,672,976 88

Under the. act of April 15, 1842, redeem-
able January 1, 1863. :.. 8,343,886 03

Under the act of March 3, 1843, redeem-
able July 1, 1853. ! ......: .7,000,000 00

21,016,862 91

7. Outstanding Treasury notes: , . ■

Of the several issues prior to August 31, '

1843 ....' ......*3,917,725 92.'

Of notes issued and paid out under the act '

of March 3,1843 24.7,5.00 00 ' .

— — — 4,165,225, 92

/•

Treasury Department,

Register’s Office, December 1, 1843.

T- L, SMITHr Regisfei'. '

* This sum includes ^98,300 in the hands pf the accounting pfficers.'

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Federai Reserve Bank of St. Louis

G.

A statement exhibiting the value of Foreign Merchandise imported, reexported, and consumed, or on'hand, annually, from 1821 to

^ 1842, inclusive.

Years.

FOREIGN MERCHANDISE.

IMPORTED.

RE-EXPORTED.

\

CONSUMED AND ON HAND.

' -

Free.of duty.

Paying duty.

Total.

Free of duty.

Paying duty.

Total.

1821. . .

$10,082,313

$52,503,411

$62,585,724

$10,764,757

$10,537,731

$21,302,488

■(1)

$41,283,23.6

1822....

7,298,708

75,942,833

83,241,541

11,184,896

11,101,306

22,286,202

(2)

..

60',955,339

1823. . .

9,048,288

68,530,979

77,579,267

7,696,749

19,846,873

27,543,622

$1,351,539

$48,684,106

50,035,645

1824.,. .

12,563,773.

67,985,234

80,549,007

8,115,082

17,222,075

■'25,337,157

4,448,691

50,763,1,59

55,211,850

1825. . .

10,947,510'

85,392,565

96,340,075

9,885,840

22,704,803

32,590,643

1,061,670

, 62,687,762-

. 63,749,432

1826...

. .1

12,567,769

72,406,708

84,974,477

5,135,108

19,404,504

24,539,612

7,432,661

: 53,002,204

60,434,865

1827...

ai,855,104

67,628,964

79,484,068

7,785,150

15,617,986

23,403,136

4,069,954

: 52,010,978

56,0,80,932

1828. . .

12,379,176

7.6,130,648

88,509,824

8,427,678

13,167,339

21,595,017

3,951,498

.. 62,963,309

66,914,807

1829...

11,805,501

62,687,026

74,492,527

5,231,077

11,427,401

16,658,478

6,574,424

51,249,625

57,824,049

1830. . .

12,746,245

58,130,675

70,876,920

2,320,317

12,067,162

14,387,479

10,425,928

46,063,513

.56,489,441

1831. . .

• 13,456,625

89,734,499

103,191,124

7,599,043

12,434,483

20,033,526

5,857,582

77,300,016

83,157,598

1832; . .

6

14,249,453

86,779,813

101,029,266

5,590,616

18,448,857

24,039,473

.8,658,837

68,330,956

76,989,793

1833. . .

32,447,950

75,670,361

108,118,311

7,410,766

12,411,969

19,822,735

25,037,184

63,258,392

88,295,576

1834...

68,393,180

58,128,152

126,521,332

12,433,291

10,879,520

23,312,811

55,959,889.

47,248,632

103,208,531

1835....

77,940,493

71,955,249

149,895,742

12,760,840

7,743,655

20,504,495

65,179,653

64,211,594

129,391,247

1836...

"

92,056,481

97,923,554

189,980,035

12,513,493

9,232,867

21,746,360

79,542,988

88,690,687

168,233,675

1837..;

69,250,031

71,739,186

140i989,217

12,448,919

9,406,043

21,854,962

56,801,112

62,333,143

119,134,255

1838. ..

60,860,005

52,857,399

113,717,404

7,986,411

- 4,466,384

12,452,795

52,873,594

48,391,015

101,264,609

1839. . .

76,401,792

85,690,340

162,092,132

■12,486,827

5,007,698

17,494,525

63,914,965

80,682,642

144,597,607

1840...

57,196,204

49,945,315

107,141,519

12,384,503

■ 5,805,809

18,190,312

44,811,701

44,139,506

88,951,207

1841. ..

66,019;731

61,926,446

127;946,177

11,240,900

4,228,181

15,469,081

5-4,778,831 •

57,698,265

.112,477,096

1842. . .

30,627,486

■ 69,534,601

100,162,087

6,837,084

4,884,45.4

11,721,538

23,790,402

64,650,147

88,440,549

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Federai Reserve Bank of St. Lduis {

1843,] SECRETARY OF TEIE TREASURY. 631

632 REPORTS OF THE , [1843.

G— Continued.

(1.) 1821.— Imported free of duty. pO, 082, 313

Dutiable..;....'... ... ;-... 52,503,411

' • ■ ■ . ^ |62,585i724

Exported free of duty -. . . 10,764,757

. Dutiable.-.-, .... 10,537,731

. ■ • , ■ ^ 21,302,488

Consumed and bn hand $41,283,236

(2.) 1822.- — Imported free of duty ....... $7,298,708

, - ■ - ■ Dutiable ...I' -75,942,833 , .

— r- $83,241,541

Exported free of duty 11,184,896

Dutiable; -... ...11,101,306

^ ■ . .. . - , ■ - — 22 286,202

Consumed and on hand. $60,955,339

I Treasury Department, ' . ^

Reg.tster’s Office, November 15, 1843.

T. L., SMITH) Register.

' H.

A statement exhibiting the value of the Exports of Domestic Produce and ,,
Manufgxture, and of Forfgn Merchandise reexported, ann'mlly, from 1821
to. 1842, inclusive. '

Years ending
Sept’mber 30.

VALUE OF EXPORTS.

Domestic pro-
- duce, &c.

Foreign

merchandise regxported.

Total value of
'. exports.

Free of duty.

Paying duty.

Total.

1821.....;..

$43,671,894

$10,764,757

$10,537,731

$21,302,488

$64,974,382

1822.....;..

49,874,079

11,184,896

11,101,306

22,286,202

72,160,281

1823;

47,155,408

7,696,749

19,846,873

27,543,622

74,699,030

1824.........

53,649,500

8,115,082

17,222,075

25,337,157

■ 75,986,657

1825 -.

66,944,745

9,885,840

22,704,803

32,590,643

■ 99,535,388

1826...’.....

53,055,710

5,1.35,108

-. -19,404,504

24,539,612

77,595,322.

1827....

58,921,691

7,785,150

15;617,986

23,403,136

82,324,827

1828

50,669,669

8,427,678

13,167,339

21,595,017

72,264,686

1829........

55,700,193

5,231,077.

11,427,401

16,658,478

. 72,358,671

1830.....;..

59,462,029

2,320,317

12,067,162

14,387,479

73,849,508

1831 ;

61,277,057

7,599,043

12,434,483.

20,033,526

81,310,583

1832. .......

. .63,137,470

.5,590,616.

. 18,448,857

24,039,473

■87,176,943

1833........

70,317,698

7,410,766.

12,411,969

. 19,822,735

90,140,433

1834

■ 81,024,162

- 12,433,291

10,879,520

23,31-2,811

104,336,073

1835

101,189,082

12,760,840

7,743,655

20,504,495

121,693,577

1836

106,916,680

12,513,'493

. . 9,232,867

21,746,360

128,663,040

1837.;. .;.....

95,564,414

. 12,448,919

; . 9,406,043

21,854,962

117,419,376

1838...

96,033,821

7,986,411

, 4,466,384

12,452,795

108,486,616

1839.-...

. 103,533,891

•12,486,827

5,007,698

17,494,525

121,028,416

1840.........

-113,895,634

12.384,503

5';805,809

18,190,312

132,085,946

1841

106,382,722;

il,240,'900

' 4,228,181

15,469,081

121,851,803

1842. ........

92,969,996

■ 6,837,08.4

. 4,884,454

11,721,538

104,691,534

Treasury Department, ....

Register’s’ Office j 15, 1843.

. -j . . T. L. SMITH,

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Federal Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY. 633

. y ; ' I.

A statement exhibiting the value of Merchandise imported from 1821 to 1842,
and also the amount of duties which accrued annually upon such merchandise
during the said periods ■ ^

VALUE UE IMPORTS.

'ear ending Sep..'
tember 30, 1821
1822
1823
, 1824

Free of duty. Paying duty.

*10,082,313

7,298,708

9,048,288

12,563,733

iO,947,5lO
. 12,567,769
. 11,855,104
. 12,379,176

11,805,501

12,746,245

13,456,625

14,249,453

32,447,'950
68,393,180
77,940,493
92,056,481
69,250,031
' 60,860,005
76,401,792
■ 57,196,204
66,019,731.
30,627,486

$52,503,411

75,942,833

68,530,979

67,985,234

. 85,392,565
72,406,708
67,628,964
76,130,648

62,687,026

58,130,675

89,734,499

86,779,813

75,670,361
58,128,152
71,955,249
97,923,554
■ 71,739,186.
52,857,399
85,690,340
49,945,315
61,926,446
69,534,601

$62,585,724

83,241,541

77,579,267

80,549,007

96,340,075

84,974,477

79,484,068

88,509,824

74,492,527

70,876,920.

Gross duties on
mei'chandis.e.

$18,475,’^03 57'
24,066,066 43
22,402,024 29
25,486,817 86

31,653,871 50
26,083,861 97
27,948,956 57
29,951,251 90

27,688,701 11
28,389,505 05
36,596,118 19.
29,341,175 65

, 24,177, .578 52
18,960,705 96 •
25,890,726 66
30,818,327 67
18,134,131 01 •
19,702,825 45
25,454.533-96
15,104,790 63
19,919,492 17
16,622,746 84

ttCote . — The spaces show the changes in the tariffs.

Treasury Department,

Register’s Office, November 15, 1843.

T. L. SMITH, Register.'

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Federai Reserve Bank of St. Louis

'K.— Statistical view. .of the Commerce of the United States, exhibiting, the value of Imports and Exports, and also the amount of

Tonnage employed in the foreign trade, annually, from 1821 to 184:2.

Yeara ending 30th of Sep-
tember —

Value of Exports.

Value of Im-
ports.

Tonnage.

Domestic pro-
duce, (fee.

Foreign mer-
. chandise.

Total.

American vessels.

Foreign vessels.

Cleared.

Entered.

- Cleared.

Entered.

1821

«43,671,894

§21, 302,488

§64,974,382

62,585,724

804,947

, 765,098

83,073

■ 81,526

1822

49,874,079

22,286,202

- 72,160,281

83,241,541

813,748

. 787,961

97,490

100,541

1823

47,155,408

- 27,543,622

' 74,699,030

77,579,267

810,761

775,271

119,740

119,468

1824. '.

50,649,500

25,337,157

75,986,657

80,549,007

919,278

850,033

102,552

102,367

1825....

66,944,745

32,590,643

99,535,388

' 96,340,075

960,366

880,754

95,080

92,927

1826.

53,055,710

24,539,612

77,595,322

84,974,477

' 953,012

942,206

99,417

105,654

1827.

58,921,691

23,403,136

82,324,827

79,484,068

980,542

918,361

131,250

137,589

1828

50,669,669

21,595,017

. 72,264,686

88,509,824

897,404

868,381

151,030

150,223

1829;,

55,700,193

16,658,478

72,358,671

74,492,527

944,799

- 872,949

133,006

130,743

1830

' 59,462,029

14,387,479

73,849,508

70,876,920

971,760

967,227

133,436

131,900

1831 •

61,277,057

20,033,526

81,310,583

103,191,124

972,504

922,952

271,994

281,948

1832......'

. 63,137,470

24,039,473

87,176,943

101,029,266

974,865

949,622

387,505

'393,038

1833

. 70,317,698

19,822,735

90,140,433

108,118,311

1,142,160

1,111,441

497,039

. 496,705

1834

81;024,162

23,312,811

104,336,973

126,521,332

1,134,020

1,074,670

577,700

568,052

1835

101,189,082

^ 20,504,495

121,693,577

149,895,742

1,400,517

1,352,653

630,824

641,310

1836

106,916,680

21,746,360

128,663,040

189,980,035

1,315,523.

1,255,384

674,721

680,213

1837 ;

95,564,414

21,854,962

117,419,376

1.40,989,217

1,266,622

1,299,720

756,292

765,703

1838

96,033,821

\ 12,452,795

108,486,616

113,717,404

1,408,761

1,302,974

604,166

592,110

1839

103,533,891

17,494,525

■ 121,028,416

162,092,132

1,477,928

1,491,279

611,839

624,814

1840 :

113,895,634

18,190,312

132,085,946

107,141,519

1,647,009

1,576,946

706,486

712,363

1841 •.

106,382,722

■ 15,469,081

121,851,803

- . 127,946,177

1,634,156

1,631,909

736,849

736,444

1842...

92,969,996

11,721,538

104,691,534

100,162,087

1,536,451

1,510,111

740,497

■ 732,775

Treasury Department, ' , .

Register’s Office, 15, 1843.

Digitized for FRASER T. L. SMITH,

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Federai Reserve Bank of St. Louis '

634 REPORTS OF THE i[1843.

ears,

\i.— Statement exhibiting the amount of duties on merchandise, tonnage, and light money, passports, and clearances; drawback
paid on foreign merchandise reexported ; drawback on domestic refined sugar and domestic distilled spirits ; bounties on phckled
■ fish exported; allowances^ to' vessels ernployed in the bank and cod fisheries ; expenses of collection; and the net revenue which
accrued, annually; from 1821 to, 1812, inclusive. ,,

PAYMENTS FOR

Drawback paid on

• Domestic Domestic Allowances

Gross revenue. ' refined distilled Bounties. to fishing. eoHection Net re

' ■ sugar. spirits. . • vessels.

1,843.] SECRE

■ M. \ ^ ^

Values of the principal articles of Merchandise impor ted into the United States, annuallp, from 1821 to 1842.

ARTICLES.

Years.

Cottons.

Woolens.

Silks'. .

Linens and ■
manufactures,
of flax.

Manufactures
of hemp.

Manufactures
of' iron and
steel.

Earthen, stone,
and China
ware.

Specie and Bul-
lion.'

Wines.

a82i..;.

'■$7, ,589, 711

$7,437,737

• $4,486,924

$2,564,159

$1,120,450

• $1,868,529

$763,883

$8,064,890

$1,873,464

1822. . . .

■ 10,246,907

12,185,904

6,840,928.

4,132,747

1,857,328

3,155,575

• 1,164,609

3,369,846

• 1,864,627

1823.;..

8,554,877

'.8,268,038

■ 6,718,444'

3,803,007

1,497,006

2,967,121

1,143,415

■ 5,097,896

1,291,542

1824

■ •8,895,757

■8,386,597

7,204,588

. 3,873,616

1,780,199

2,831,702

888,869

6,473,095

1,050,898

1825, . . .

12,509,516

lli392,264

10,299,743.

' 3,887,787

2,134,384

3,706,416

1,086,890

6,150,765

1,826,263-

1826....

. 8,348,034

■ 8,431,974

■ S;327,909

2,987,026

2,062,728

3jl86,485

1,337,589

'6,880,966

1,781,188

1827.,..

9,316,153

8,742,701

6,712,015

2,65.6,786

1,883,466

3,973,587.

1,181,047

8,151,130

1,621,035

1828;..

10,996,270

8,679,.505

7,'686,640

3,239,539

2,087,318

. 4,180,915

1,554,010

7,489,741

. 1,507,533

■1829.....

8,362,017

. 6,881,489.

7,192,698

2,842,431

1,468,485

3,430,908

1,337,744

7,403,612

1,569,562.

1830. .V.

7,862,326

5,766,396

5,932,243

3,011,280

.1,333,478

3,655,848

1,259,060

8,155,964

1,535,102

1831...:

16,090,224

12,627,229

11,117,946

3,790,111-

1,477,149

4,827,833

1,624,604

7,305,945.

1,673,058

1832....

10,399,653

’ 9j992,424

9, 248', 907

4,073,164

1,640,618

5,306,245

2,024,020

5,907,504

2,387,479

1833....

7,660,449

. 13,262,509

9,498,366

3,132,557

2,036,035

4,135,437

1,818,187

7,070,368

2,269,497

1834.....

10,145,181

■ 11,879,328

10,998,964

5,485,389

. 1,679,995

. 4,746,621

1,591,413

17,911,632

2,944,388

1835 . . . .

15,367,585

17,834,424

16,677,547

6,472,021

2,555,847

5,351,616

1,697,682

13,131,447

3,750,608

1836. . . .

17,876,087

.■ 21,080,003

22,980,212

9,307,493

3,365,897

7,880;869

2,709,187

13,400,881

4,332,034

1837....

11A50,841

.8,500,292

14,352,823

5,544,761

, 1,951,626

6,526,693

1,823,400

10,516,414 .

4,105,741

1838

6,599,330

11,512,920

9,812,338

3,972,098

1,591,757.

3,613,286 .

1,385,5.36

17,747,116

2,318,282

1839....

14,908,181

18,575,945

21,678,086

7,703,065

2,096,716

6,507,510

2,483,258

5,595,176

3,441,697

1840....

6,504,484

9,071,184

9,761,223

4,614,466

1,588,155

3,184,900

, 2,010,231

8,882,813

2,209,176

1841

11,757',036

11,001,939

15,511,009

6,846,807

2,566,381

4,255,960

1,536,450

4,988,633

2,091,411

1842

9,578,515

. 8,375,725 .

9,448,372

3,659,184

1,273,534

3,572,081

1,557,961

4,087,016

1,271,019

Digitized for FRASER ,
http://fraser.stlouisfed.org/

Federal Reserve Bank of Si Louis

636 REPORTS OF THE [1843

M— C

Years.

Spirits. ■

Molasses.

' Teas.

■ Coffee.

1821....

#1,804,798

#1,719,227 .

#1,322,636

#4,489,970-

1822. . . .

2,450,261

2,398,355

■ 1,860,777

5,552,649

1823....

1,791,419

2,634,222

2,361,245

7,098,119

1824....

2,142,620

2,413,643

2,786i252

“5,437,029

1825....

3,135,210

2,547,715

. 3,728,935

■ 5,250,828

1826....

1,587,712

2,838,728.

3,752,281

4,159,558

1827....

1,651,436

■ 2,818,982

1,714,882

. 4,464,391

1828. .

2,331,656

'2,788,471'

2,451,197-

5,192,338

1829....

1,447-,914

2,060,457

. 4,588,585

658,990

2,425,018

4,227,021

1831....

, .2,432,488

1,418,037

6,317,666

1832. . . .

2,524i281

2,788,353

9,099,464

1833....

1,537,226

2,867,986

5,484,603

10,567,299

1834....

1,319,245

6,217,949

8,762,657

1835....

1,632,681

- . 4,522,806

10,715,466

1836. . . .

, 1,917,381

■ , 5,342,811

9,653,053

1837

5,903,054

8,657,760

1838....

1,476,918

• • 3,865,285

3,497,156

7,640,217

1839....

4,364,234

2,428,419

9,744,103

1,592,564'

• 2,910,791

5,427,010

8,546,222

1841....

1,743,237

2,628,519

3,466,245

. 10,444,882

1842 .•'...

886,866

■ 1,942,575

4,527,108

8,938,638

Treasury Department, Register’s Office, Noyc

Digitized for FRASER
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Federal

imsUS

iontinued.

ARTICLES.

Sugar.

Salt.

Spices.

'

Lead.

Hemp and
cordage.

.

#3,553,582

#310,281

#284,701

■ ' . #618,356

5,034,429

625,932.

505,340

266,441

3,258,689

580,956

155,175

796,731

5,165,800

613,486

655,149

128,570

590,035

4,232,530

589,125

626,039

301,408

484,826

5,311,631

677,058

594,568

265,409

636,356

4,577,361

535,201

322,730

303,61.5

698,355

3,546,736

443,469

432,504

305,662

1,191,441

3,622,406

714,618

461,5.39

52,146

762,239

4,630,342

■ 671,979

457,723

20,395

279,743

■KiMiUtWl

535,138.

279,095

52,410

335,572 ■

2,933,688

634,910

306,013

124,632

987,253

4,752,343

996,418

919,493

60,745

624,054

5,537,829

839,315

493,932

183,762

6,806,174

655,097

712,638

54,112

616,341

724,527

1,018,039

37,521

862,617 ■

847,607

17,874

530,080

1,028,418

438,258

8,766

'. 597,565

9,919,502

839,236

20,756

716,999

5,580,950

558,939

19,455

786,115

8,798,037

821,495

498,879

3,702

6,370,775

841,572

568^636

523,428

' 353,888

mber 15,. 184:3.

. "F. L. SMITH,-

(

1843.] ' SECRETARY OF THE TREASURY,

638

REPORTS OF THE [1843;

The following Tables are annexed to Table M as explanatory. thereof:
M No. 1. Showing the various articles in the coluVnn headed “ Cottons.”
,MNo. 2. The articles included ill the'- column “Woolens.”

M No. 3. Those included in the column of “Linens and'manufactures
of flax,” and -that of “Manufactures of hemp.”

M No. 4. Those included in the column “Manufactures of iron and
steel.” ■ '

M No. 5. Those included in the column “ Hemp and cordage.”

M No. 1 . ,

A statement exhibiting the value of Manufactures of Cotton, imported from

1821 to 1842, inclusive. ^ .

'

MANUFACTURES OF COTTON.

Years.

Dyed and
colored.

White.

Hosiery,
gloves, mils
& bindings.

Twist, c
yarn, and
thread. ‘

Nankeens
from
China. . .

Articles not
specified. ,

Total.

1821. .....

§4,366,407

§2,511,405

1198,783

P51,138

§361,978

§7,589,711

1822

•5,856,763

2,951,627

433,309:

181,843

823,365

10;24‘6,90t

1823

4,899,499

2,636,813

314,606

103,259

600,700

.8i554,877

1824

5,776,210

2,354,540

387,514

140,069

■ 188,633

§48,791

8,895,757'

1825

7,709,830

3,326,208

545,915

201,549

350,243

375,771

12,509,516

1826 ’

5,056,725

2,260,024

404,870

175,143

■ 304,980

146,292

8,348,034

1827

5,316,546

, 2,584,994

439,773

256,221

454,847

9,316,153

1828

6,133,844

2,451,316

640,360

344,040

388,231

1,038,479

10,996,270

1829

4,404,078

2,242,805

586,997

173,120

542,179

412,838

8,362,017

1830. . .' . . .

4,356,675

2,487,804

387,454

172,785

228,233

229,375

7,862,326

1831

10,046,500

4,285,175

887,957

393,414

114,076

363,102

16,090,224

1832

6,355,475

2,258,672

1,035,513

316,122

120,629

313,242'

10,399,653

1833

5,181,647

1,181, .512

623,369

343,059,

37,001

293,861

.■7,660,449

1834

(3,668,823

1,766,482

749,356

379j793

47,337

533,390

10,145,181

1835

10,610,722

2,738,493

906,369

544,473

9,021

558,507

15,367,585

1836

12,192,980

2,766,787

1,358,608

555,290

28,348

974,074

17,876,087

1837......

7,087,270

1,611,398

1,2.67,267

404,603

35,990

744',313

11,150,841

1838. ......

4,217,551

980,142

767,856

222,114

27,049

. 384,618

6,599,330

1839

9,216,000

2,154,931

1,879,783

779,004

3,772

874,691

14,908,181

1840

3,893,694

917,101

792,078

387,095

1,102

513,414

6,504,484

1841

7,434,727

1,573,505

980,639

863,130

217

904,818

11,757.,036

1842......

6,168,544

• 1,285,894

1,027,621

457,917

53

638,486

9,578,515

Treasury Department, ,

Register’s Office, Woomier 16, 1843.''

‘ . ' T. L. SMITH, Reg-wfer.

Digitized for FRASER
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Federal Reserve Bank of St. Louis

M No. V

A statement exhibiting the value of Manufactures of Wool impmted into the United States from, 1821 to 1842, inclusive.

Years.

- - “

MANUFACTURES OP WOOL.

Cloths a.n.d me-
rino shawls, &c.

Blankets.

Hosiery,
gloves, mitsi&c.

Worsted stuffs.

Woolen and
worsted yarn.

Carpeting.

Flannels and
baizes. •

All other manu-;
factures oFwooI.

Total- .value.

1821. .... .

' ^5,038,255' '

$434,256

$198,783

$1,766,443

_

_

■ $ 7 , 437 , 737 '

1822......

8,491,935

991,147

433,309

2,269,513

-

-

.

_

12 , 185,904

1823.

• 5,844,068

604,896

314,605

1,504,469

-

■ 8,268,038

1.824. . .'. . .

5,202,009

526,023 -

317,778

. 2,1.58,680

-

$37,834

-

$144,273

8,386,597

1825

5,264,562-

891,197

369,747

2,277,486

- '

515,391

$1,065,609

1,008,272

11,392,264

1826. .....

4,546,714

527,784

■ 189,993

1,143,166

545,1'48

586,823 '

892,346

895,573

8,431,974

1827

, -4,285,413

.703,477

376,927

1,382,875

-

511,186

587,250

8,742,701

1828; . . . ;.

4,315,714

624,239

365,339

1,446,146

581,946

667,722

678,399

8,679,505

6,881,489

1829......

3,335,994,

455,467-

230,986.

1,600,622

- -

.323,254

383,208

551,958

1830......

2,854„339 '

594,044

.133,453

' 1,397,545

201,649

266,060

■ 319,306

5,766,396

1831

6,121,442

1,180,478

325,856

3,392,037

-

421,099

695,666

490,651

12,627,229

1832:

5,101,841

602,796

260,563

2,615,124

-

557,775

503,193

351,132

9,992,424

1833

6,133,443 -

1,165,260

463,348

4,281,309

$102,719

. 319,592

■ 286,299

510,539

13,262,509

•1834

4,364,340

1,068,065

. 383,977

5,055,121

166,517

396,868

240,663

203,787

11,879,328

17,834,424

1835......

■ 7,048,334

1, 865,344

652,680

. 6,549,278

262,515

603,084

399,785

453,404

1836

. 8,945,509

2,397,822

700,530.

6,666,312

964,655

475,712

' 713,757 '

21,080,003

8,500,292

1837

3,015,783

959,814

■ 177,092

3,350,266

172,462

623,101

.111,249

90,525

1838......

5,348,928

946,546

356,965

3,933,455

136,689

315,353

159,979

. 315,005

11,512,920 •

1839

7,361,373

•1,356,086

1,037,096

7,025,898

368,958

612,607

291,373

522,554

18,575,945

1840

4,823,138

570,417

506,452

2,387,338

338,501

118,715

221,885

' 9,071,184

1841

5,042,045.

4,180,875

691,895

471,877

3,712,206

158,224

345,488

184,911

395,293

11,001,939

1842

566,233

375,297

2,366,122

217,611

- 242,309

90,280

330,989

8,375,725

Treasury Department, . ,

Register’s Office, N'omw&er 15,- 1843. /

T. L. SMITH, Res^ister.

Digitized for FRASER f

http://fraser.stiouisfed.org/ ■ . \ .

Federai Reserve Bank of St. Louis ]

1843.] SECRETARY OF THE TREASURY. 639

M No. 3.

Statemmt exhibiting the value of Maniifactures of Flax and Hemp imported into the United , States from 1821 to 1842, inclusive...

.MANUFACTURES, .OF FLAX.

MANUFACTURES OF HEMP.

■ - ■ -

Years. ■

B

Other'rhanufac-
tures of, ■

Total'value.

Sait duck. ,

Sheeting.,' .
brown and
' white.

Ticklenburgs,
osnaburgs, and
burlaps..-

Cotton tagging.

Other manufac*
• tufes of. -

.Total value.;

1«21.....

g2, 564, 159 .

$2,564,159 .

$894,276

$226,174

.. ... ,

$1,120,450

■'1822......

4;i32,747.

. . 4,132,747 .

1,524,486

332,842

-

-

1,857,328

1823

3,803,007

-

3,803,007 . .

l;024,180

• 472,826 -

.

1,497,006

1824..'..^

3,873,616-.

-

3,873,616

990,017

673,735

$37,338

$18,491.

$60,618

1,780,199 .

1825'.'.'.

3,675;689

$212,098

3,887,787

,.-677,151

405,739

. 381,063

637,023

.33,408

2,134,384

1826..... •

-2,757,080-

229,946 .

2,987,026

856,474

470,705

411,667

274,973

48,9.09 •

’ 2,062,728

1827.:. . .

2,366,115.

230,-671

■ 2,656,786

,766,310-

336,124

353,826

366,913

60,293.

■ 1,883,466

1828..,.-..

2,514,688

724,851 :

. 3,239,539

• - 678,483-

352,483 .

604,674 •

408,626. ■

43,052 '

2,087,318'

1829.'. .

2;5Sl;9bl .

260.,'530

2,842,431.

362,333

■ 247,865

■ 531,709

■ .274,073

52,505..-

1,468;485

.1830. . .-

2,527,-778'

483, -502

3j0li,280

317,347

250,237

563,665 ■

69,126 .

133,103

l,333,-478

; 1831.....

3,163,956

626,155 ,

3,790„lil.'

470,030

351,499

514,645.

18,966-

122,009-

1,47-7,149

,l832.

, 3,428,559

644,605 -'

4,073,164

776,191.

326,027

366,320

87,966. ,

■ 84,1-1.4

1,640,618

, 1833.

- 2,611,840.

.520,717

3;132,557

•860,323

327,518

• .. 648,891

1.58,681 ■

40,622 .

2,036;035

1834......

-5,088,480

r 396,909.

5,485,389

' 720,780 .

400,000

.300,000

237,260

21,955 .

. 1,679,995

1835; . .•

- 6,056,141

■ 415,880

■6,472,021

828,826

426,942

337,011 .

■ 924,036

39,032

. 2,555,847 -

1836....

8,803,956

503,537..

-9,307,493

662,652

^ 555,141.

392,194

1, -701, 451

54,459

3,365,897

18'37....';

. ■' 5,077,379 ■

467,382

. .5,544,761. ■

540,421

' 541,771

384,716

.,,429,251

- 55,467 ■

1,951,626 ■

1838.....

•,■3,583,340

' 388,758

■3,972,098

■ 683,070

325,345

362,725

173,325

47,292

1,591,757

1839......

- 6,939,986

. -763,079-

- 7;7O3,065'

760,199

- 535,789

. 483,269

, . ■220,023

9.7,436

. 2,096,716 -

1840.-;...

4,292,782'

321,684

; 4,614,466

615,723

- 261,173

329'i054

310,211 ■

71,994'

■ 1,588,155

1841......

6,320,419

• 526,388

6,84'6,'807

904,493 •

325,167

■ 539,772

723,678

73,271 .

2,566,381

1842

. 3,153,805

- 505,379

3,659,184 .

516,880

110,782

187,006

, .421,824

37,042.

1,273,534

• . SaiMuck McI sheeting not stated separately -until 1824., .

Treasury Departm.ent, Register’s Office, November 15, 1843.. T. L. SMITH, Register.

Digitized for FRASER "

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00 .

.w

640 REPORTS OF THE

M No. 4.

Statement exhijnting the value of Manufactures of Iron and Steely and. of Iron ajid Steel' unnianufaetured,. imported into the Jfnited
^ • . States from 1821 fo 1842, inclusive. '

Years.

•.MANUFACTURES OP IRON- AND STEEL.

UNMANUFACTURED

IRON AND STEEL.

Paying duties
ad valorem.

Paying specific
■_ duties.'

Total.

• Bar

Manufactured
■ by rolling.

ron’.

Manufactured

otherwise.

B

Old and Scrap
iron.

S.teel.

Total value.

1821

#1,630,129

#238,400 '

#1,868,529

#1,213,041

..

#131,291- •

■#1,344,332

1822

2,767,757

- 387,8'18

3,155,575

•■. 1,864,868.

189;613'-

2;054,481 ■

1823

2,568,842 '

398,279

:.2,967,12i:

.’. 1,891,635.

224,595'

2,116,230’

1824

2,505,291

326,411.

'2,831,702

962,897:.

#483,686

#3;444

236,405:

i;686,432

1825

3,312,758.

“■ 393,658

■' 3,706,416

224,497

1,562,146

■ 36,513

291,515

. -2yll4,671

2,831,333

355,152

. 3,186,485

223,259

1,590,350

67,004

384,235'

2vQ64V848..

58^7..,..

3,525,433 .

448,154

3,973,587

. 347,792

1,323,749

46,881

310,197

2i028,619'

1828.'. '.-.L!

3,559,982

. , 620,933.

.. 4,180,915

441,000

. 2,141,178

93,025

430,425

3;iOSy628

'18S9.‘.’..'J

3,100,630

330,278

3,430,908

119,326

1,884,049

28,811

. 289,831

2,322y017

1830..,..;

'3,372,’146

283,702'

■3,655,848

226,336:

. 1,730,375

: 25i644

291,257

2,273,612

1831.....

4,358,921 ,

468,912

4,827,833 ,

544,664-

1,260,166

160;681 :

399,635

2,365,146

1832

4j697;512

■608,733 ■

' 5,306,245

701 , 549 ;

1,929,493

? . 222303 .;

.645,510

3,498,855

1833.....

3,361,582

773,855

4,135,437

■■ 1,002,750

1,837,473

217,668

#24,035

523,116

3,605,042

1834.....

4,090,621

.656,000

4,746,621

1,187,236

1,742,883

270,325

33,243

554,150

3,787,837

1835

4,827;461 ;

:S24,155

5,351,616

1,050,152

1,641,359

289,779

11,609

576,988

3,569,887 •

1836

7,001,404

’S79‘,465

7,880,869

2,131,828

1,891,214

272,978 .

28,224

686,141

. 5,010,385

1837 ■.

5,488;311

' 1,038,382

■ 6,526,693

; 2,573,367:

. 2,017,3.46 .

: 422,929

: 18,391 .

804,817 .

° 5,836,850

1838.'....

3,069;507

’•543,779

3,613,286

•. 3,825,121-

- 1,166,196

; 319,099.

: ; 7,567

. - 487,334

■ 3,805,317 ■

1899

5,585;d63

922', 447 ■

6,507,510

; 3,181380;

. 2,054,094

;. 285,300

: 10,161

. 771,804

; 6,302,539 :

18,40

2,575,229

'' jB09',67l

■ 3,184,900

■ r,707;649-

• 1,689,831 :

: 114,562

: 15,749 ■

528,716

: 4,056,507

1841

. 3,428,140.

:827,82b .

,4;255,960

; 2,172,278;

: 1,614,619

; 223,228

; ; 10,537 :

609,201

. 4,629,863

• 1842

2,919,498

: 652,583 :

.'3,572,081

: 2,053;453-

1,041,410

: 295,284

•' : 8,-207

597,317

3,995,671

Treasury Department, Register’s Office, November, 15, 1843, T. L. SMITH, Register.

Digitized for FRASER
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Federai Reserve Bank of St. Louis

ig43.] SECRETARY OF THE TREASURY, 641

642 REPORTS OF THE [1843.

■ ■ ' M No 6; "

A statement exhibiting the nalue of Hemp and Cordage imported into the
United States from 1S21 to 1842, inclusive.

YEARS.

HEMP AND CORDAGE.

■f ■ ; ■ ' '

Hemp.

Tarred cordage.

Untarred cordage.

Total Value.

1821...

$510,489

, $107,867

-

$618,356

1822.... ............

1,054,764

147,321

1,202,085

1823;.

674’,4k

122,277

' 796,731

182,4

' 485,075

104,960

-

590,035

1825

. 431,787

42,646

$ 10,393

484,826

1826 ...........

551,757

77,186

7,4i3

636,356

1827...

635,854

56,162

. 6,339

698,355

1828

1, 075,243'

109,454

6,744

1,191,441

1829

655,935

97,436

• 8,868

762,239

1830

200,338

71,291

8,114

■ 279,743

1831

295,706

, 33,522

6,344

335,572,

1832..,.

866,865

•116,389

3,999

987,253

1833..

470,973

142,538

10,543

624,054

1834......

514,743

147,805

6,759

669,307

1835

528,981

81,594

5,766

•616,341

1836

' 815,558

82,561

5,984

904,103

1837

483,792.

34,108

12,180.

530,080

1838

512;506

75,142

, 9,917

597,565

1839.

607,766

106,902

2,331

716,999 ;

1840 ;......

686 , 7 . 77 ’

85,904

13,434 ■,

,786;115

1841...

561,039

1K,995

. 68,936

742,970

1842.

267,849

''66,548

19,491

■ . • 353,888

Treasury Department, . ,

Register’s Oefice, 15, 1843. /

• - T. L. SMITH, Register.

Digitized for FRASER
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Federal Reserve Bank of St. Louis

N.

Statement of the value of' df doles imported into the United States t designatinst the countries from which received, dnnudlly, from
■ ' 1821 to 1842, inclusive.

Years. '

FROM

' ; Great Britain
arid dependen-
cies. .

France and de-
pendericiesi

Spain and de-
• pendencies*

Netherlands
and dependen-
cies;

Sweden and de-
pendencies.

. Denmark and
dependencies.

Portugal arid
dependencies.

BB

1621...

1822...

1823. . .

1824.. .

1825. . .

1826.. .

1827.. .

1828.. .

1829.. .

1830.. .

1831.. .
1832;..

1833.. .
1834'., .

1835.. .

1836. . .
1S:17...

1838.. .

1839. . .

1840.. ..

1841. . .

1042. . .

• ' $29,277,938

39,537,829
■ 34,072,578

■ 32,732,340

' 42,394,812

32,212,.356

■33,056,374

• 35,591,484
•• ‘27,582,082

26,804,984
- -47,956,717

42,406,924

■ •43,085,865
52,679,298
65,949,307
86,022,915
52,289,557
49,051,181
71,600,351
39,130,921
51,099,638
38,613,043

$5,900,881
7,059,342
. 6,605,343

8,120,763
11,835,581
• 9,588,896
9,448,562
10,287,505
9,616,970
8,240,885
14,737,585
- 12,754,615

13,962,913
17,557,245
23,362,584
• 37,036,235
22,497;817
18,087,149
33,234,119
17,908,127
■24,187,444
17,223,390-

$9,C53j728
12,376,841
14,233,590
16,577,156
9,566,237
9,623,420
9,100,369
■ 8U67,S46.
6,801,374
8,373,681
11,701,201
• 10,863.290

13,431,207
■ 13,527-,464

15,617,140
19,345,690
18,927,871
15,971,394
19,276,795
14,019,647
16,316,303
12,176,588

■ $2,934,272
^2,708, 162
2,125,'587
2,355,525
2,265,378
2,174,181
. 1,722,070

1,990,431
1,617,334
1,356,765.
1,653,031
2,358,474
, 2,347,343

2,127,886
2,903,718
3;861,514
3,370,828
2,194,238
3,473,220
2,326,896
2,440,437
2,214,520

$1,369,869

1,544,907

1,503,050

1,101,750

1,417,598

1,292,182

1,225,042

1,946,783

1,303,959

1.398.640
1,120,730
1,150,804
i,200,899
1,126,541
1,316,508
1,299,603
1,468,878

900,790

1,566,142

1,275,458

1.229.641
914,176

$1 ,999,730
2, .535, 406
1,324,532
2,110,666'
1,539,592
■ 2,117,164
2,340,171
. 2,374,069
2,086.177
. 1,671,218

1,652,216
1,182,708
■ 1,166,872
1,684,368
1,403,902
1,874,340
1,266,906
1,644,865
1,546,758
. 976,678

1,084,321
584,321

■ $748,423

881.290
. 533,635

‘ . 601,722

733,443
765,203
659,001
433,555
087,869
471,643
397,550
485,264
555,137
' 699,122
1,125, ■713
■ 672,670

928.291
725,058

. 1,182,323
599,894
574,841
347,684

$3,111,951
' 5,242,536

6,511,425
, 5,618,502
7,533,115
. 7,422,186

3,617,183
S',339,108
4,680,847
.3,878,141
3,083,205
5,344,907
7,541,570
7,892,327
5,987,18'7
7,324,816
• 8,965,337
■ 4,764,356
3,678,509
6,640,829
3,985,388
4,934,645

$990,165
1,578,757
1,981,026
• 2,527,830
2,739,526
2,816,545
1,638,558
. 2,644,392
, 2,274,275
1,873,278
3,493,301
2,865,096
2,227,726
3,-355,856
3,841,943
4,994,820
5,642,221
2,847,358
4,849,150
2,521,493
2,449,964
2,274,019

Digitized for FRASER
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Federai Reserve Bank of St. Louis

1843.] SECRETARY OF THE TREASURY. 643

N-T-Continued.

! . . Years.

FROM. •

Russia.

Italy r

Hayti. .

Mexico. ,

y enezuela,
New Grana-
da, and Ecua-
dor. . -

Central

America.

Brazil.

Argentine & '
•Gisplatine ,
Republics..

Chili. ■

Texas.

* 1821V.;

, 41,852, 199

(5973,463

g2;246,25T

#605,126

;1822.;v

3,307,328

1,562,033

2,341,817

-

- .• •

1,486,587

•

1823.VV

. -2,258,777;

1,369,440

2,352,733

/■ - .

•• - .

■- •

1,214,810

J-1824.V.

2,209,663

1,029,439

2,247,235

2,074,119.

•\

.1825. ‘.V ;

2,067,110

•1,454,022

2,065,329

«4,044,647.

#1,837,050

#56,'789-

2,156,707.

' #749,771

.#229,509

1826;.. ■ V.

2,617,169,

1,120,749

1,511,836

3,916,198

. 2,079,724

204,270

2,156,678

522,769

■ 629,949

4-827.V." V.

; 2,086,077

1,013,126

'1,781,309

. 5,231,867

1,550,248

251,3'42

■ ' '2,060,971 1

80,065-

. 184,693

J828;v;......v.'

. '2,788,362

• l,607,4i7

, • 2', 163, 585

4,814,258

1,484,85.6,

204,770

3,097,752

317,466

.781,863

1829.VV.......;

■ 2,218,995

,r 1,409,588

1,799,809

5,026,761

1,255,310

311,931

2,535,467

;' 915,190

416,118

1830.V.

. 1,621,899.

940,254

1,597,140

5,235,241

. 1,120,095-

302,833

. 2,491,460

1-,431,883

' ■ 182,585

1831.V;

1,608,328'

■ 1,704,264

-■1,580.,5.78

5,16.6,745;

1,207,154

‘ ■ 198,504

■ 2,375,829:

928,103

413,758

1832..

3,251,852'

1,619,795

, 2,053',3.86

4,293,954

1,439,182

288,316.

.3,890,845

1,560,171

■: 504,623

1833;-. ;

2,772,550 .

' .999,134

' 1,740,058

5,452,818

1,524,622

267,740

5,089,693

1,377,117

334,130

1834

2,595,840

1,422,063

2,113,717-

8,066,068

1,727,188

170,9'68

4-,729,969

1,430,118

787,409

1835 ;

2,395,245

■ 1,457,977

2,3'47,556

9,490,446

1,662,764

215,450

5,574,466'

878,618

' 917,095

1836..

• '2,778,554

■ 1,970,246

1,828,019

5,615,819

.1,696,650

195,304

7,210,190

' 1,053,503

811,497

1837 ......

2,816,116

, 1,827,181.'

1,440,856

■ 5,654,002

1,567,345

163,402

4,991,893

1,000,002

1,180,1.56

#163,384

1838. .........

■ 1, 898,396

944,238

1,275,762

3,500,709

1,615,249

155,614

3,191,238

1,029,539

942,095

165,718

1839....

2,393,8'94-

1,182,297

1,377,989

• 3,127,153

2,073,816

192;845

5,292,955

1,150,546

1,186,641

318,116

1840....

2,572,427

1,157,200

1,252,824

4,l'75,001

. 1,572,548

189,021

4,927,296

787,964

' 1,616,859

303,847

1841

2,817,448

1,151,236

- 1,809,684

3,284,957

2,156,121

186,911

6,302,653

1,957,747

1,230,980

395,026

1842

1,350,106

987,528

1,266,997

1,995,696

1,720,558-

124,994

5,948,814

2,417,541

' 831,039

480,892

Treasury Department, Register^ Office', iV(w.e»i5&r, 15j 1843.

' T. L. SMITH, Register.

Digitized for FRASER ' • .

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Federai Reserve Bank of St. Louis ■

C44 ' REPORTS QF THE [1843.

o.

Statement exhibiting the value of certain articles of Domestic Produce and Manufacture, and of Bidtiowand Specie, expoj'ted, from

“ • , 1821 to 1842, inclusive.

... ■'

VALUE OP ARTICLES EXPORTED.

Years..

* ■

••f- '

. . Cotton.

: Tobacco.. ■

, Rice-.

Flour.

Pork.tiosrs,

Beet', cat-

Butler, and

Skins and

Fish.

- Lumber.

Manufa'c-

Specie and..

' i ■ }■

lard, &c.

tie,-, hides
<fec.

' cheese.

furs.

• tureSi ’

bullion.

1821...

#5',648,962

fl,494,307

S4,298,043

$1,354,116

: $698,323

■$190,287

#766,205

. #973,591

#1,512,808

.' $2,752,631

#10,478,059

1822..

■■ 24,035,058

6,222,838

1,563,482

5,103,280

4,357,899

>844,534

221,041

501,302

915,838

■ 1,307,670

3,121,030

10,810,180

1823-. .,

. ■20,445,520

6,282,672

1,820,985

4,962,373

1,291,322

, ,739,461

■ 192,778

. 672,917

. 1,004,800

1,335,600

. 3,139,598

6,372,987

1824 . .■

. - 21,947,401

... ■4,855,566

1,882,982

5,759,176

1,489,051

707,299

■ .204,205

661,455

1,136,704

■ 1,734,586

4,841,383

7,014,522

1825...

- , 36,846,649

■.i6,115,.623

1,925,245

4,212,127

1,832,679

930,465

247,787

•524,692

. 1,078,773

.. ' 1,717,571

5, 729, '797

8,797,055

18f26-. .

. 25,025,214

■■ 5,347,208

1,917,445

'4,121,466

. 1,892,429

. 733,430

207,765

582,473

924,922

2,011,694

5,495,130

. . 4,663,795

1827..

. .29,359', 545

6,816,146

2,343,908

4,434j88l

1,555,69.8

772,636

18.4,049

441,690

. 987,447

1,697,170

5,536,651

8,014,888

1828. ..

22,487',229

, , 5, -480,707

2,620,696

4,283,669

1,495,830

719,961

176;354

626,235

1,066,663

1,821,906

■ 5;548,354

8,243,473

18,29.;.

. 26,575,311

• 5,185,370

2,514,370

5,000,023

1,493,629

' .674,955

176,205

526,507

968,068

■■ 1,680,403

■ 5,412,320

4,924,020

29,674,883

; 5,833,112

. 1,986,824

6;132,129

1,315,245

. ,. 717,683

142,370

... 641,760

.. 756,677

.- - 1,836,014

...5,320,980

2,-178,7.73

1831..

"■,4,892,388

2,016,267

10,461,728

1,501,644

. 829,982

. 264,796

■ 750,938

■ 929,834

1,964,195

5,086j890

9,014,93i

1832'..,

. 31,724;682

■ 5,999,769

.2,152,361

4,974,121

1,928,196

. 774,087

290,820

691,909

1,056,721

2,096,707

5,050,633

5,656,340

1833.. .

. 36,191,105

.. . 5,755,968

. 2,774,418

5,642,602

2,151,588

955,076

, 258,452

841,933

990,290

2,569,493

. 6,557,080

2,611,701

1884. .

. 49,448,402

6,595,305

'2,122,292

4,560,379

1,796,001

■ 755,219

• . 190,099

■ 797,844

863,674

2,435,314

6,247,893

'2,076,758

1835 . .

. 64,661 j302

8,250,577

2,210,331

4,394,777

1,776,732

638,761

' 164;809

„■ 759,953

1,008,534

3,323,057

7,694,073

6,477,775

1836-. .

71,284-,925

■10,058,640

2,-548,750

. 3,572,599

• i,383,34'4

- 699;166

114,033

. 653,662

967,890

2;860,691

6,107,528

• 4,324,336

1837..

5,795,647

2,309,279

2,987,269

1,299,796

585,146

96,176

■ 651,908

769,840

3,155,990

7,136,997

5,976,249

1838..

. 7,392,029

1,721,819

3,603,299

.1,312,346

528,231

148;191

636,945

819,003

■ 3,166,196

; 8,397,078

3,513,565

1839;.

9,832,943

2,460,198

6,925,170

1,777,230

. 371,646

■■ 127,550

732,087

■ 850,538

3,604,399

8,325,082

. 8,776,743

■MSB

fi iiHtVI

9,883,957

1,942,076

10,143,615

1,894,894

■ 623,373

210,749

1,237,789

720,164

2,926,846

9,873,462

8,417,014

1841. .

54,330,341

12;576;703

2,010,107

■ 7,759,646

,2,621,537

904,918

504,815

993,262

751,783

3, '576, 805

9,953;020

10,034,332

1842. .

47,593,464

.9,540,755

1,907,387

7,375,356

2,629,403

1,212,638

388,185

598,487

730,106

3,230,003

8,410,694

4,813,539

Teeasury Department, Registee’s Office, iV<wm&er 15, 1843. ' '

' , T. L. SMITH, Register.

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Federai Reserve Bank of St. Louis

1843.]. SECRETARY OF THE TREASURY. 645

p.

A statement exhihiting the value of Domest ic Produce and manufactures expo7'ted, and the countries to which the Same were exported,
■ . ' annually, from 1821 to 1842, inclusive^ ,

Years.

Tq Great Brit-
ain and depen-
- d'encies.

To France and
dependencies. .

To Spain- and
dependencies.

To Netherlands
and dependen-
cies.

To Sweden arid
dependencies.

To Denmark
and dependen-
cies..

To Portugal and
dependencies.

To China,

To Hanse
Towns.

1821....

$26,522,572

: $6,474,718"

$7,209,275

; $6,092,061

$777,407

$2,327,882

$435,700

$4,290,560

$2,132,544

1822. . . .

30,041,337 -

. 7,075,332

■8,438,212

- 5,801,639

921,434

2,434,046

427,491

- .5,935,368

2,505,015

1823....

27,571,060

9.568,924

10,963,398

:7,'?67,075

558,291

1,955,071

246,648

• 4;636,Q61 .

3,169,439

1824....

■28.027i845

10,552,304

15,367,278

3,617,389

569,428

2,183,252

.518,836

'5,301,171

1,863,273

1825

.44,217,525'

11,891,326

5,921,549

5,895,499

569,550

■ 2,701,088

408,160

' 5,570,515

3,121,033

1826. . . .

. 28,980,019.

. . 12,106,429

■ 6,687,351

: 4,794,070

358,380

2,418,875

'. , 313,553

2,566,644

2,116,697

1827....

, •32,870,465

13,565,356

7,321,991

• 3,826,674

■ 850,877

; 2,4041822.

• '. 357,270

3,864,405

3,013,185

1828.:.-.

27,020,209.

. .12,098„341

7,204,627

. 3,083,359

1,106,954

. . 3,348,167

291,614

1,482,802

2,99,5,251

1829...,.

28i071,08'4

■ ' 12,«32,304

■ 6,888,094

.4,622,120

957,948

2,311,174

■ 322,911

. 1,354,862

3,877,160

•• 31,647,881,.

■ 11,806,238

, 6,049,051

• 4,562,437

961,729 .

8,014,085

. . 279,799

, 742,193

2,274,880

■}831.-...

. 39,901,379.

. 9,882,679

5,661,420

3,096,609

540',078

2,000,793

■ . 29'4,383

- 1,290,835

■^.2,592,172

1832. . . .

3.7,268,556’

13,244,698-

6,399,183

6,035,466

515,140-

. 2,207,551

\. ■. 296,218

1,260,522

■ ■ 4,088,212

1833....

. .. 39,881,486,

14,424,533

. 6,506,041

'3,566,361

420,069

1,839,834

442,561

1,433,759

2,903,296

1834.;..

50,797,650

16,111,442

•.6,296,556'

4,578,739.

494,741

1,85771 14

. . - 322,496

1,010.483

4,659,674

1835;...

60,107,134.

20,335,066

.7,069,279

4,411<053

602,593

. 1,780,496'

521,413.

. 1,868,580

. 3,528,276

1836....

64,487,550

21,441,200

8,081,668

4,799,157

700,386

2,122,469

191,007

1,19'4;264

4,363,882

1837....

61,218,813

20,255,346

7,604,002

4,285,767

507,523

1,640,173

423,705

630,591

3,754,949

1838....

' 58,843,392

16,252,413

. 7,684,006

3,772,206.

355,852

1,299,927

232,131

1,516,602 .

3,291,645

18.39....

68,169,082

. 18,924,413

7,724,429

2,'871,239

470,914

1,406,346

844,354

1,‘533,601

. 2,801,067

1840....

70,420,846

22;349,154

7,617,347

4,546,085

- 652;546

1,193,500

321,256

909,966

. 4,035,964

1841....

62,376,402

22,235,575

7,181,409

. 3,288,741

771,210

1,987,283

349,113

1,200,816

4,560,716

1842

52,306,650

. 18,738,860

• '■

6,323,295

4,2.70,770

477,965

1,047,673

302,964

1,444,397

■

4,564,513

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Federai Reserve Bank of St. Louis

64& REPORTS OF THE [1843. '

-P— Continued.

)

Years.

To Russia.

To Italy.

To Hayti.

To Central
America.

BB

To Argentine
and Cisplaline
Republics.

To Texas.

1821....

$628,894

$1,099,667

$2i270,601

.

$1,381,760

1822. . . .

529,081

i, 450,184

2,119,811

■ -

1,463,929

1823....

648,734

1,067,905

2,378,782

- . •

-

1,341,390

1824

231,981

664,348

2,365,155

*•

.

2,301,904

1825

287,401

645,039

2,054,615

■ $6,470,144

$2,239,255

$99,522

2,393,754

, • $573,520

$921,438

1826....

174,648

530,221

1,414,494

6,281,050

. 1,952,672

119,774

2,200,349

379,340

1,447,498

1827

382,244

610,221

1,331,909

. 4,173,257

944,534

224,772

1,863,806

151,204

1,702,601

1828....

450,495 ,

920,750

1,332,711

2,886,484

884,524

■ 159,272

1,988,705

154,228

2,629,402

1829...,

386,226

'901-,012.

975,158

2,331,151

767,348

239,854

1,929,927

626,052

1,421,134

1830....

416,575

■ .740,360

-823,178

- 4,837,458

496,990

250,118

1,843,238

, 629,887

1,536,114

1831...’.

462,766

694,525

1,318,375

6,178,218

658,149

306,497

2,076,095

• 659,779

1,368,155

1832. . . .

582,682

687,563

1,669,003

3,467,541

1,117,024

335,307

2,054,794

923,040

1,221,119

1833. . . .

703,805

372,186

' 1,427,963

5,408,091

957,543

575,016

3,272,101

' 699,728

1,463,940

1834....

330,694

493,557

1,436,952

5,265,053

795,567

184,149

2,059,351

971,837

1,476,355

1835. . . .

585,447

285,941

1,815,812

9,029,221

1,064,016

. 183,793

2,608,656

708,918

. 941,884

1836. . ...

911,013

664,059

1,240,039

6,041,635

829,255

189,518

3,094,936

384,933

937,917

1837....

1,306,732

623,677

1,011,981

3,880,323

1,080,109

157,663

1,743,209

273,872

1,487,799

$1,007,928

1838.-...

1,048,289

459,893

910,255

2,164,097

724,739

243,040

2,657,194

296,994

1,370,264

1,-247,880

1839

1,239,246

438,152

1,122,559

2,787,362

750,785

216,242

2,637,485

465,363

1,794,553

1,687,082

1840....

' 1,169,481

1,473,185'

lj027,214

2,515,241

919,123

217,946

2,506,574

519,006

1,728,829

1,218,271

1841....

1,025,729

912,318

1,155,557

2,036,620

872,937

149,913

3,517,273

818,170

1,102,988

808,296.

1842

836,593

820,517

■ 899,966

1,534,233

769,936

68,466

2,601,502

.681,228

r, 639,676

406,929

Treasury Department,

Recjister’s Office, November 15, 1843.

T. L. SMITH, Register.

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Federai Reserve Bank of St. Louis

1843.1 SECRETARY OF THE TREASURY. 647

INDEX,

A.

Alexandria city, the debt of, assumed by the Federal Government 179,

273, 352, 357,358, 371, 385,483,504,630, 651

Allowances— see Pishing Vessels,

Appeal,' the right of, to the Supreme Court should be allowed in cases involving an amount

of duty I, i . . ....... 617

Appropriations, detailed estimates of, for 1838. .-. .. .....123,124

for 1840. . - .. .. . .. .298, 299

for 1841 , . . ...5^390,391

Appropriations, in aggregate arid detail, made for 183f .. .124 to 158

made in 1840 .. ...391 to 424

Appropriations', 'in aggregate arid detail, made by former acts of Congress —

• • • • . 1 -_ 1 1 o

for the service of 1830 .;...... ..... 181

for the service of 1840. . . ... ...298, 334

Oflfl ACtA

existing, required for 1837 and former years, to be expended in 1838 123,

169 to 170

existing, required for 1839 and former years, to be expended in 1840. . . . 298,

335 to 346

existing, required for 1840 and former years, to be expended in 1841 390,

425 to 436

suggestions in 1838 that prudence requires a reduction in the annual 186

which will probably be carried to the surplus fund in 1837. ..123, 159 to 170

in 1839 298, 335 to 346

in 1840 390, 425 to 436

existing, not required for 1837, proposed to be applied to 1838. .123, 159 to 170

1839, proposed to be applied to 1840. . 298, 335 to 346

1840, proposed to be applied to 1841. .390, 425 to 436

vie’w's'in 1837 in regard to the difficulty in paying the, and on the issue of

Treasury notes ... 7

a reduction in the, for the year 1840 recommended, to prevent a deficit. 234

estimated amount of new, in 1841. 358

the outstanding and unexpended in 1837, charged on the Treasury 3

the outstanding, unsatisfied at the end of the year 1837, estimated 91

the outstanding, unsatisfied at the end of the year 1838, explanations as to

the .' 180

the amburit of, estimated to be uncalled for at the end of the year 1839. . . 235

the estimated, to be uncalled'for at the end of 1840 358

the ariibUnt of the, fbf T837, to be applied to the service of 1838, without

reappropriation 91

the ambunt of the, for 1838, applicable to the service of 1839 180

the a'hiount of the, for 1839, which will be applied to the service of 1840,

without feapprbpriation 235

the amount of the, for 1840, which will be applied to the service of 1841,
without rea'ppropriation., 358

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Federal Reserve Bank of St. Louis

686

INDEX.

Appropriations, the balanee of, outstanding on the Istof January and 4th of March, 1841. 448

a lessening of the, f9r the service of 1841, recommended as a means to pre-
serve a balance in the Treasury 361

beyond the estimates, views in 1837 in regard to the indefinite and the

outstanding. 5 . .. 101

to pay the debt of the District of Columbia to Holland 91

Army. — Estimates, appropriations, and expenditures on account of the — see Military
Service.

Attorneys, United States, circular to, in 1837. . 36

B.

Balance in the Treasury 1st January, 1836, including trust funds.

1st January, 1837

30th June, 1837,.

, 88

..1, 89, 175, 605, 627

3, 441

1st January, 1838.. 90, 91, 176, 178, 256, 627

1st January, 1839 ...175, 178, 231, 255, 256, 371, 629

1st January, 1840. . .....351, 371, 372, 437, 627

1st January, 1841. .438,461,462, 605

4th of March, 1841 '438, 439, 441, 486

. 1st .of January, 1842. ..485, 598

1st of January, 1843. . - 487, 599

1st of July, 1843 598, 600, 678

1st of October, 1843.. 601

1st of July, 1844 ' .667, 673, 680

nominal and actual, at the end of each year from 1837 to 1843. .626, 627
on the 31st December, ,1836, exclusive of trust funds and outstand-
ing warrants .... .. .i. .. ■ 627

Balances in the Treasury, views in 1837 in regard to the .91

views in 1838 on the policy .of avoiding l^ge. 184

unavailable ....... .178, 372, 599

Balances estimated to be in the Treasury on 31st December, 1838, .and views in regard to’. .93, 98

on the 1st January, 1839 177, 178

on the 31st December, 1839 .180, 232, 234

on the 31st December, 1840 , ...234, .255, 352

on the 31st December," 1841 ’.;357, 358

on the 30th June, 1843 488

on the 30th June, 1844, ... . .... . ... .. .488

on'the 1st July, 1845. . . 669

on the 1st July, 1846. '670

Balances of public money due by the late deposit banks, December 12, .1834 229

due the^United States — see Banks— sei Baiik Uriited States — see
Bonds.

of public money subject to draft, 4th"March, 1841. . .' 449, 452

Balances, of appropriation outstanding on the 1st of January and 4th of March, 1841. 448

Bank capital, discount and issues, a cause of the financial embarrassment in l836-’7. ..... 30

Bank notes, not receivable in payment of duties, &c...., ...... i . .43, 47

circular from the Treasury Department in 1789, with regard to the receipt for

duties and transmission by mail of. 53

Treasury circular in 1790, in regard to the bearing of the collection law upon

.the receivability of, for public. dues. .' .. ... 54

the circulation of, in 1837. . 103

the conveniences of, when equivalent to specie- ..... ... . . .... 106

the effect of the, curtailm.ent of the issues .of, in bringing about a resumption

of .specie payments ... 190

act of Congress of July 5, 1838, in relation to , , 217

the exclusion of small, from circulation advocated in 1839. . . . 252

Bank of the United States, the amount of the' bonds due by. the, ...... ..... , , , 3, 234

■ concerning the restriction on the sale of the bonds of the 182

the creation of a, recommended' in 1841, 447

bonds of the, outstanding and falling due to the Treasury in 1837,

1838,;1839,. 1840, and 1841. ... i, . 455

receipt into the Treasury from the bonds due by the —
in 1837. ; 90

1838 •. 92, 176, 178, 256

1839 180

1840. ..; ....; 351,437

184T,’. . .,.,.438, 461, 462

the condition of the, in-,1837,and 1838. . ., .... ,218, 219, 220, 221

warrants drawn on the 61

in 1816 did not prevent revulsions -in trade and finanpial embar-
rassments. .. . .' 368

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Federai Reserve Bank of St. Louis

INDEX. 687

Bank of the United States, views in 1841, in favor of-a, as a fiscal agent -of the Govern-
ment.. ... ..-i. — — ... .445,446

Banking, its conveniences, advantages to trade, &c.. ... 102

free, the preferable system of. 369

Banking institutions, a reform in, suggested to the States in 1838 191

views in 1839 in regard to the condition of, generally, and the kind

of money receivable for public dues . .. .. 249

Banks, the deposit, views in 1837 in regard to the condition of, and to a settlement with

letter to the Executives of the States, vidth the postscript as to the return of the

transfers in case of .the nonpayment of the deposits by the. . . 51

Treasury circular to the deposit, discontinuing those which had ceased to pay

specie for -their - notes. .. .' 55

list of the deposit, discontinued under the act of June, 1836. 57

of deposit, list of, retained under the act of -June, 1836. ., 58

.collectors of the customs and receivers of the public moneys made depositaries in

case of a suspension of specie payments' by the. 59

views in 1837 on the, circulation and ability of the, to resume specie payments. .103, 105
the deposits of Government funds unavailable for the service of 1838.,. . .. .177, 178

the deposit, including the United States Bank and branches, the number and amount

of warrants drawn on the, in the year 1834. . .. 61

comparative condition of the, in certain particulars, in November, 1836, and in

March, May, July, and August,. 1837. . 64

state of the accounts of the former and present, with the Treasurer of the United

States 65

statement of the condition of the former, on the 15th of August; 1837 70

Treasury circular of jHily 3, 1837, to the former, urging the resumption of specie

payments..., , .. ... , 86

views in 1837- in regard to the availability of the balance of Government funds in

the coffers of the .. — .. ... 91

recommendation, in 1837, that the notes of local, specie^paying, only, be received for

lands .. , 25

views in, 1837 in regard to the, and the safekeeping of the public moneys 102

comparative statement of the condition of all the, in the United States, on and.nesir
the 1st of January, 1836, 1st January, 1837, and since the suspension 'of specie

payments.. ..... 172

comparative condition of the, in fifteen States, before and since the suspension of

specie payments .. — . . .......... 173

the further credit extended to the, and the ultimate and ready settlement by the, &,c. . .97

comparative statements of the condition of the,'inthe different divisions of theUnion,
according to returns dated nearest January .1, 1837, and January 1, 1838. , , ..218, 222
views in 1839 in regard to the, in connection tyith the safekeeping of the public

moneys .......; ... 245

the use of the public money by the, for discounts, unprofitable. , 192

concerning the system of special deposits with the 193

deposit, statement of the condition of the, on or near the 1st of November, 1838, &o. .225

losses by the .d.eposit, in 1834, small compared with those of 1837. . . 194

list of, general deposit, and. the amount in cash subject to draft, , in accordance to

returns received to ,1st December, 1838. .......... .224

list of ’the date deposit, in which special deposits have been made, -.&c., and the

amount of special deposits subject to draft, 1st December, 1838 228

statement of balances due the United States, 10th November, 1834, from banks
formerly depositories of the. public money, with the credits to which they are

entitled for payments since that date, &c .. . — 229

list of former deposit, which suspended specie payments, and gave bonds -to. the
United States, under the act of 16th October, 1837, and the amount of balances

due by them on said bonds on 3d December, 1838, &c. ... 230

state'ment in 1839 of public mon.eys to the credit of Treasurer of the United States

in the two general deposit .' 346

statement of the condition of the deposit, to the 20th November, 1839. . 347

estimated payments into the.Treasury in 1840, out of the moneys due by the former

deposit....... . .-. 351

available funds in the deposit; -in' 1841. - 357

balances of the deposits -with the, .prior to-the-suspension in .1837 .451, 454

debts due by the, in 1837 to .1841, inclusive 455

lists of general and special- deposit, in .1843. ... .:.628

list of deposit, in' 1844.'. ... .' .. 683

in the District of Columbia, concerning the resumption of specie, payments by the. . 21

insolvent. Government funds in the,, unavailable. ; 91, 177, 178

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Federai Reserve Bank of St. Louis

688

4dex,

Beaver cloth, the prices of, in 1842. i .. . ........ 508

Beef, cattle, • hides, &c., exported annually from the United States, from 1790 to 1838

inclusive, the value of. . . . . ... , . ... ....... 287

statement of the [value of, exported annually from the United'
States, from 1821 to 1842, inclusive; and of the countries to

■which exported. .......... .645, 646, 647

Bibb, Secretary — see Finances.

Bonds due by the Bank of the United Statejs — see Bank of the United States.

Bonds for duties, concerning the payment ojf..- . . . 3

for duties) considerations in 1837 in regard to the postponement of the payment of.. 4

circulars of the Secretary and Solicit'or of the Treasury in regard to the postpone-
ment of the payment of. . .... 1 . . .33, 36

memorial of the New York merchalnts, in 1837, to the President, for the _stay of

the collection of . . .... ..... J. .. ‘ 38

memorials of the Chambers of Commerce of Bo.ston and New Orleans on the same

subject. , . . .. L , . 40, 41

Treasury circulars to the Boston Chamber of Commerce and the Collector at New

York, in regard to the kind of money receivable for, &c.. ,.43, 47

.memorial of the Chamber of Commerce of New York, August 28, 1837, asking

for a postponement of the payment of duty bonds .... .. 49

views in 1837 and 1838 in regard to| the extension of the credit on . , . . . ' .97, 190

Bounties and drawbacks, a modification ofjthe, recommended in 1840. .. .. ... 360

on pickled fish exported, pp^ments for, from 1821 to 1842. 635

Bullion and specie — see Impenis — see Exports.

Butter; cheese, &c., exported annually frolm the United States, from 1790 to 1838, inclu-
sive, the value of. . I 28 7

statement of the value of, exported annually from the United States,
from 1821 to 1842, and of the countries to which exported. .645, 646, 647

C.

Calico, imported and American, the prices of, in 1842 ...... 508

Certificates, without interest, recommendation, in 1837, that, be issued and made receivable

for public dues. . ... .i.... 25

Clerks, submissions for the appointment of new. • • 157

Clerks — see CustOin-House.

Circulars — see Treasury Circulars.

Civil, diplomatic, and miscellaneous service —

estimates for 1838. ..123, 124, 138, 156, 159

estimates for 1839. .. ..181,232

estimates for 1840 . ....... — 235,299,331

estimates for 1841 .. ... .. .358,390,421,440,462

estimates for 1842. . .. ... ... .. .. . .... 486

estimates for 1843, ... • . ...... .487, 601

estimates for 1844- ’5, .... ... , .. .488, 603

estimates for l845-’6. .. ...... 669

appropriations made in 1837. .. .. .. .. 124, 159

appropriations made in 1839 . .299, 331, 335

appropriations made in 1840. . .. .. .391,421, 425

appropriations made in 1841 -.. ...... 438

expenditures in 1837. ..... . 109, 175

expenditures in 1838 •• .177, 178,- 201, 256

expenditures in 1839 . ... .. .. .. ,. .. .. .. .. .232,257,371

expenditures in 1840 . .. .► 352,373, 437

expenditures in 1841 .. .. ... ...438,462, 471

expenditures in 1842 , *, .. .. . .. .486,492, 620

expenditures in 1843-’4. , ..... .. .. .600,623, 678

expenditures in 1844- ’5. , '. .. . .. 668, 680

Coast Survey, the progress of the, &c. ' . . .108, 199, 253, 675

Coffee and tea, duty on, recommended. .... --..609, 616

the value ‘ of, imported into the United States annually, from 1821 to

1842 637

Coffee, the value of, imported into the United States from 1790 to 1838, inclusive. . . 276

Collection. of duties, statement of the expense of, annually, from 1821 to 1842.. ... ... 635

Collection law, extract from the report of the Secretary of the Treasury in 1790, touching
the bearing of the, upon the receivability of bank notes in payment of

duties...-.*.^. .. . .... 54

a revision of the, recommended 199

Collector at New York, Treasury circulars- to, in 1837, in regard to the specie circular and

duty-bonds.. ^ .33, 47

circular from the, in regard to the excessive supply of foreign
merchandise in 1842 507

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Federal Reserve Bank of St. Louis

INDEX. 689

Collector at Baltimore,* in ]789, Treasury circular to the, in regard to the receipt and trans-
mission by mail of bank notes. , .... .. , 53

Collectors of the Customs, made depositeu’ies of the public moneys received by them in

case of suspension of specie payments by the banks ... 59

to receive Treasury drafts in payment of duties. 68

continue to make deposits of public moneys in certain banks. 192
concerning the report of the ultimate losses o.f public moneys by, 194
recommendation of collateral security from, as keepers of the

public moneys, and making any embezzlement of public
money by them a penal offence. , ...... .195, 196

Treasury circulars to the, in .1838, in relation to the kind of
currency receivable in payment of public dues 215, 217

list of, and of receivers of the public moneys^ having public
^moneys in their hands, on whom drafts have from time to
time been placed, and are intended to. be continued, for the
sums to the credit of the Treasury; showing, also, the bal-
ances in their hands subject to draft, conformable to returns

to December 3, 1838 ... 227^

Treasury circular of July 14, 1838, to the, exhorting them not
to use the jjublic moneys for private gain, &c. . . . 230

a reduction of, recommended, in 1840 . .. .. 364

Commissioner of Customs proposed in 1837 and 1838. 108, 109, 349

Compensation, the, to custom-house clerks. ... . .. . 617

Commerce of the United States, views in 1839 in relation to the. .... 233

the extent of the — see Imports — see Exports.
statistical view of the, from the year 1821 to 1842. . . 634

Commerce, foreign, concerning the fluctuations in the. .. ... .. 604

what constitutes .legitimate ' 367

Constitutional currency— see Cttnmc?/.

Cotton, over product of, and reduction of its price, cause of financial embarrassment in

1837 .28,95

the net profits of, in 1835 and 1836 105

statement of the value of manufactured, imported annually into the United States

from 1790 to 1838, inclusive. .. 275

statement of the value of, exported annually from the United States from 1790 to

1838, inclusive. . , 285

statements of the value of, exported annually from the United States from 1821 to

j-r.i AC ey .tn ey a ^

Cottons, statements of the kinds and value of, imported into the United States annually

from 1821 to 1842 . . 636

the value of manufactures of, imported for the same periods . . , ; - 638

Credit, the Government, views in 1839 as to some stable mean.s to preserve the 243

public, views on the necessity of permanent legislation to preserve the, against the

contingencies of a fluctuating trade. • 184

how preserved, &c., in 1840. ... .. ■> .354, 355

the importance of its maintenance . .. 490

views in 1844 on the importance of sustaining the public. ... ... ... 650

Credit, an excess of, always ends in revulsion 367

Crockery ware, the value of, imported into the United States from 1790 to 1838 inclusive. 276
Currency, views in 1837 in regard to the constitutional, and the proper kind of, to be

received in payment of -public dues, &c. .. ... . ... ........ .21,98

Treasury circulars to -the Boston merchants and collector at New York in regard

to the kind of, to be received in payment of duties ... .43, 47

circular in 1789 in regard to the kind of, receivable for duties 53

kind of, in view of the collection law, in 1790 receivable in payment of public dues. 54

the, as afforded by the banks. 103

views in 1838 on the kind of, received for the public dues, &c.. .. ,. 188

Treasury circulars of June 1 and July 6, 1838, to the collectors and receivers,
in relation to the kind of, to be received in payment of public dues.. .... .215, 217
views in 1839 on the condition of the banking institutions, and the kind of, ,

receivable for public dues ... .... 249

advantages to4he, by the disuse of paper in paying public dues , , 363

Custom-house establishment, concerning the. ... - ........ 253'

bonds — see Bonds.

clerks, practice of allowing compensation out of the revenue where the fees
are inadequate, &c., abolished.. ..... .. ........ .. .. .. 617’

officers, concerning the restriction on the increase of.. 673

revision of the pay of, recommended in 1837. . . . . . . - • .109, 199

reduction of, recommended in 1840.. 364

responses of the various, of the United States, to Treasury circular
of November 24, 1842, in regard to the warehouse system. .530 to 595
VoL. IV. — 44.

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Federai Reserve Bank of St. Louis

690

INDEX.

Customs, Commissioner of, proposed in 1838 and 1837 .108,- 199, 349

Customs, receipts from, estimated for, and ascertained —

In 1836.. .. . 89

1837. ... 2,90, 175

1838 - 92, 176, 178, 256

1839. - .180,231,371

104U • • • > • • <• •• ^ , r > •

1841 357, 438, 439, 440, 456, 461, 462

1842 442, 456, 463, 485, 620, 6,03

1843-’4 , . - 456, 487, 488, 600, 623, 667, 678, 680

184,5-’6 669

Customs, receipts from, from 1st January, 1816, to 31st December, 1836, inclusive. . . 459

from 1st January, 1837, to 31st December, 1840. .. ..... 460

from 1st January, 1837, to 30th September, 1843 627

a change of duties recommended in 1841, and an increased revenue therefrom.. . 442
estimate of the amount which will be received from, in the last quarter of 1841,
and each of the two succeeding years, under a modification of the tariff.. ..... 466

views in regard to the receipts from, in 1842 463, 603

estimated receipts from — see Estimates.

D.

Defalcations,, report in 1838 of the probable losses of the'public funds by receivers and col-
lectors 194

concerning the list of officers reported as standing on the books of the Treas-

collateral security from collectors and receivers -and other depositaries, and

the, by banks, as keepers of thp public moneys 445

congratulations in 1843 that there are no, by officers of the Government. . . 618

Defioieney in the Treasury, apprehended . 3

apprehended at the close of the year 1840, the amount of. . . . 234
views in 1839 on some permanent safeguards to prevent, &c. . 243

concerning a provident fund to meet a . 252

a modification of the tariff recommended in 1840 to prevent a. 362.

440, 462, 463, 464, 469

amount of, 31st December, 1842, and views in regard thereto, 487, 488

amount of, on the 1st January, 1842 598

probable, at the end of the fiscal year 1843- ’4. .'. 602

probable, at the end of the fiscal year 1844- ’5. .'. .. ., ,, 603

the, how supplied .•.. .; . 605

views in 1843 as to provisions for meeting, in the revenue. 608

Deposit act of 23d June, 1836, an act to modify the. 217

Deposits, of the public moneys with the banks, views in 1837 and 1838 in regard to . . . 10, 17, 192
letter to the Executives of the States, with the' postscript as to the return of the

transfers in case of non-payment of the ..' 51

Treasury circular discontinuing the, to such banks as had suspended specie pay-
ments .. ... 55

unavoidable 91, 177, 178, 357, 372, 627

with the banks, considerations in relation to a system of special. ..' 193

with the States, in 1837 ' ..f.l, 3, 30

considerations touching obstacles in the way of transfeiring the' last instalment
of, to the. States 5

unavailable for the serviceof 1838 .. .. ... .177,178

the Secretary does not anticipate that there will be any surplus in'the Treasury

1st January, 1839, to deposit under the act of June, 1836 181

the obligation to deposit with the States any surplus, not a debt due the States, 181
further views in 1839, on the impracticability of making available the, and the

legislation of Congress on the subject ; 184

concerning the. ,. , 253

the aggregate amount of .- 627

(For further information and views in regard to, see Banks — see Public Moneys.)

.'Deposits, public,. interest on, from 1837 to 1841 .. 455,

Deposits in the Mint— see Mint.

Depositories, views in 1837 on the propriety of appointing general. .. . .. 107

general, under the act of 4th July, 1840 ^ .449, 452

selection of certain, in 1844 ..... 674

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Federai Reserve Bank of St. Louis

INDEX.

691

Diplomatic service — see Foreign Intercourse.

Disbursing officers, views in 1840 in regard to, &c 363

Discounts, the use of the public moneys for, unprofitable and injurious to the banks and

borrowers - , 192

District of Columbia,amount of debts of the cities of the, assumed by the Federal Government. 179

payments on the, and remarks in regard to the debt of ." 273,

352. 353, 357, 358, 371, 385, 483, 504, 630, 651

Documents, list of, appended to the Secretary’s report in 1837 ■ 32

Domestic produce and manufacture, value of annual exports of, frpm 1821 to 1843 inclusive. 632

views in 1840 on me exports of, for a series of years. 355
statement of the value of the annual exports of, from

1821 to .... 634

\ statements of the value of certain articles of, exported
annually from 1821 to 1842, and exhibiting the coun-
tries to which they were exported . . . . .645, 646, 637

value of exports of, in 1844 683

exports of, from 1834 to 1840, the value of, 15 per cent.

added 457

statement of 'he value of, reexported annually from

exports of, from 1790 to 1838. .... . . . . .. .285, 287

See Exports.

Donations for local objects should be forborne, recommendation in 1838 that.. 187

Drafts in hands of disbursing officers saleable for specie alone. 363

Drawback paid on foreign merchandise, domestic refined sugar, and domestic distilled

spirits, annually, from 1821 to 1842 635

Drawback, the inequalities of the, on sugar and molasses, and necessity of legal provisions

to correct . 442

a retention of a larger percentage of, recommended 611

Drawbacks, views in 1840, concerning. 354, 360

Dues, the money receivable for — see. Public Dues.

Duties, the amount of, collected annually — see Revenue — see Receipts — see Imports — see

Public Dues.

the bonds for — see Bonds.

views in 1837, concerning the extension of credit on 97

the receipts from, in 1838, and the estimated, for 1839. 183

how estimated ............ 183

under protest, concerning the mode of keeping and repaying.. . ... 200

a modified duty of 20 per cent; ad valorem, recommended in 1841. 442

increase of, recommended in 1841 . ... . . 469

the decline in the importations in 1842, not attributable to the system of duties. 490

the largest importation under the highest rate of. . . 604

any change in the rate of, not likely to improve the revenue. .. 609

on tonnage and light money recommended to be applied to hospital purposes. . .610, 616

. .. • -P__ /I-I -•

the amount of, on merchandise from 1837 to 1843. ,,.... 626

the amount of, collected on foreign .merchandise from 1821 to 1842. 631

amount of, which accrued annually upon imported merchandise, from 1821 to 1842. 633

statement of the amount of, on merchandise, tonnage,” light money, passports, &c..

expense, of collection annually from 1821 to 1842 inclusive. . . 635

statement of, ad valorem and specific, upon manufactures of iron and steel imported

into the United States annually from 1821 to 1842 inclusive 64]

their effect upon importations and the prices' of merchandise, &c 662

the average yield of, &c., under the act of 1842 671

of articles imported during the nine months ending 30th June, 1843, the duty on
which exceeded 35 per cent, on the average wholesale market value of such

articles.... .. 681

gross, which accrued in the fiscal year 1844. 683

Duty, the value of merchandise imported from 1834 to 1839, both inclusive, free of, paying
ad volorem, and paying specific 274

E.

Embarrassments — see Financial.

Estimates of receipts into the Treasury from all sources and of all expenditure for all

objects —

for 1837 2, 3, 90

for 1838 92, 93, 123, 124, 176, 177, 178

for 1839 180, 181, 231, 232

for 1840 234, 235,298,299,351, 352

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Federai Reserve Bank of St. Louis

692 INDEX.

Estimates of receipts into the Treasury from all .sources and of all "expendittfre for alf
objects^ContiiiMed.

for 1841. . . ; 357, 358, 390, 391, 439, 440, 456, 462

for 1842. .442, 463, 485, 486, 598

for 1843 ..... 487,599

for 1843- ’4. , ..487, 488, 600, 601

■for 18.44- ’5 ... .......... ..602,667, 668

forl845-’,6. 669’

explanatory reinarks in 1837 on the, for 1838,. , 99., 101, 123, 124

explanations in 1838 of the, for 1839, and suggestions on the mode of meeting fluctuations

in them. - 182

pf 1839, on an economical .ba.sis. 185'

views in 1839 in regard to the estimates of receipts for 1840 235, 23G

explanations in 1839 of the estimates as to th.e expenditures and of some further reduc-
tions in them.. 237

yiews in 1840, in regard to the, for 1841. .356, 357

explanations in 1841, of the, for 1842. ,. 463,487,358,359,390, 442

views in 1842 of the estimate of 1843......... .,... 488

views in 1843 oif the estimates of 1844^ ’5. ,. .. ..... . ... ..... 603

views in 1844 of the estimates of 1845- ’6 ....... ., 670

of appropriations, in aggregate and detail, for 1838. 123,. 124

of appropriations fbr 1840. 235,298,-299

of appropriations for 1841 . . . , 358, 390, 391

statements under the act of May 1, 1820, accompanying the annual. . ,. ..... , .159, 335, 425

of the duties on the average value of .iinports, from the 30 th of September, 1834 to- 1840

mclusiye ... .... ......... ... ..... 458-

Ewing, Thomas, Secretary of the Treasury— see Fmances.

Exchanges, domestic and fpreign, views in 1838. on the gppd. condition of the, ... . . .190, 191

Expenditures of the Government for all o.bjects, estimated for and ascertained, in aggregate
and in detail, in-

1836 . .. .89

1837 ;. 2, 90, 109,175

1838. 93,177,178,201,256

1839 180,181,232,257,371

18.40 .. - 235,352,373,437

1841. ... ... .. .358,438, 439,440, 4-48, 462, 471, 599

1842 .. .. . 463, 486,492, 599,620

1843 487, 599, 623

1843- ’4. .... .. .. .48, 600, 601,667,678

1844- ’5. ... .. .. .603,668,680

1845- t6....... . 669

Expenditures, yiews in 1837 in regard t.o the estimates of, for 183.8 .94, 101

and revenue for 1837 , further explanation as to the effect upon them by laws

passed at the special session in 1837, , ........ 96

prediction in 1837 that on certain contingencies the, can be reduced to
P7, 000, 000, and views why former predictions of reduction were not real-
ized i ... .... 101

views in 1838 in regard to the fluctuations'in the. ..182, 184, 185

yiews in 1838 on a reduction of the annual to meet the diminished revenue
apprehended in consequence of the gradual reductions in the tariff... . .185, 187
views in 1839 why the exp.e.n.ditures in 1840. will be less than those of the

previous year, and why they should not be more than $18,000,000 237,

238, 252

general views in 1839 in regard to the causes of increase in the. , , 239

considerations in 183.9 as to some permanent safeguard under fluctuations in

receipts .a.nd. .... .. .242, 252

proposition for a reduction o.f. ... .. 252

general yiews in 1840 in regard to, and fpr a reduction of the.. , 366

exceeded the revenue, and how, and .the necessity of early regulation to pre-
vent a further augmentation. . , ............ , ........... .441, 442

excess of, over revenues, in 1842. ... 599

views in 1843 in regard .to a dimi.nution .of the. ,,.. . ... , 605

views in 1844 against extravtigance in ....'. . . , . . .. 662

average rate of, for certain years, exclusive of the public debt. 605

exclusive of trust funds, loans, and Treasury notes, from 1816 to 183.6, and

fro.m 1st January, 1837, .to 30th Eecember, 1840. .459, 460

average annual expenditures from I 8 I 6 to' 1836, and from 1836 to 1840. .459, 460

exce.ss of average a,nnual expenditure fo.r current expenses o.yer receipts ■ 460

.statement of the annual expenditures pn all accounts, frpm .January 1, 1837,

" to September. 30, 1843. 627

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Federal Reserve Bank of St. Louis

INDEX. 693

-Expenditures, an account of the principal and interest of the public debt existing before
1837, between January 1, 1837, and September 30, 1843, and for interest
on loans and Treasury notes from 1831 to 1843. ...... .... ...626, 627

see Miscellaneous Expenditures — see Th'easury J>/'otes — see Estimates — see Public
Debt — see J^aval Se^'vice — -see Eoreign Intercourse.
for the see Militanj Service.

-Expenses of Government, views in 1843 in regard to a reduction in the., , 607

of collecting the revenue — see Collection.
see’ Expenditures.

Explosions — see Steam-boilers.

-Exports, in 1837, ascertained and estimated, and views in regard to'. . . . 94

«tatementof the value of, during the years ending 30th September, 1836- ’37.,. . . . 171

— ..-I.-... _-/» -- -.1- . r 1 -ir in.-.-.-vi nrl mno

value' of; during the commercial year ending 30th' September, 1839, and vie-ws in

relation to the amount, &c., of. 233

statement of the value of imports and, during the years 1834, 1835, 1836, 1837,

1838, and 1839. ' 274

statement of the value of annual, d-orheStic and foreign, from the United States,

from 1790 to 1838 inclusive. 285

statement exhibiting the States from which the annual, from 1790 to 1838 were

made, and the value of, from each State, &c : . : 287

countries to which the annual, 'froni the United States were made from 1790 to

1838 inclusive, and the annual value of, to each country. .... 291

views in 1839 in regard to past imports and, of the United States 294

in 1840, the amount and peculiarities of, showing an excess over the imports. . 354

vietVs in 1840 on the, of domestic products for a series of years 355

statement exhibiting the value of imports and, annually, from 1791 to 1840 inclusive,

and the excess in either case for the same period. 387

value of, and imports during each presidency, from Mr. Monroe’s second term to

Mr. Van Buren’s, inclusive. ..' .. .. 388

of bullion and specie during the year ending 30th September', 1838 224

Of bullion and specie annually from 1790 to' 1838. . . i 286

average Value of, for six years, &c., &c , .. ..... 456

of domestic' and foreign produce from' 1834 to 1840, thevalue of 15 per cent, addM. 457

value of, during the' year ending 30th September, 1842 505

value of foreign merchandise exported annually from 1821 tO' 1841 . . 506

Statement of the value of, of domestic produce and manufacture, and' of foreign

1 .^-.1 i» 1 rtrti loirt /»«vi cort

s'tatisti'cal view of the commerce oi the United States, exhibiting the value of im-
ports and, annually,. from 1821 to 1842. . . ' 634

■statements of the value of certain articles of domestic produce and manufacture,

statement exhibiting the value of, during the year ending 30th June, 1844.. . , , 683

F.

Fees., the surplus, of clerks of district and circuit courts, concerning. , .. . 607

Finan'oes, in 1837^ reports' of Mr. Woodbury on the state of the Government. . , .1, 89

1838,' report of Mr. Woodbury on the state of the 175

1839-, repoi't of Mr. Woodbury on‘ the state of the.. . . ... 231

1840, report of Mr. Woodbury on the state of the.. . 351

1841, report of Mr. Ewing on the state of the .. 437

1841, report of Mr. Forward on the state of the. .. 461

1842, report of Mr. Forward on the state of the. . .. .. 485

1843- ’4, report of 'Mr. Spencer on the state of the. , ... 597

1844- ’5, report of Mr. Bibb on the slate of the. 649

of the 'GoVernmeht, recornmendation in 1837 of certain legal provisions for the

‘ proper' administration of the, : .. ... ...... 107

touching the recommendation of permanent measures to meet any fluctuation in

the.',;., .. ■ 183

Financial embarrassment, views in 1837 and 1838 in regard to some general causes of,

and remedies for. , .......... ... ... ... .28,184

the excess of importation of foreign merchandise over the ex-
ports one great cause of. ..... . . 233

legislation recommended in 1840 to prevent ... 355

Financial operations of the Government, general views in 1840 in regard to the. 365

Fiscal year, alteration in the, proposed. .. ..... 199,349

the change in the. . 597

Fish’, exported annually from the United' States from 1790 to 1825, inclusive, the value of. 286
exported annually from the United- States, from 1821 to 1842, inclusive, the value of. 645
Fishing vessels, allowances to, annually, from 1621 to 1842. 635

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Federal Reserve Bank of St. Louis

694 INDEX.

Flannel, Amencan, the price of, in 1842. .... ^ 508^

Flax and hemp, statement of the value of manufactures of, imported into the United States

annually, from- -1821 to 1849, inclusive 640

Flax — see Linens.

Flour, exported annually from the> United States’ from 1790 to 1838,. inclusive, the value of. 286
statement of the value of, exported annually from the United States, from 1821 to

1842, and of the countries to which exported. . . .645, 646, 647

Fluctuation in receipts and expenditures — see Finances.

Foreign intercourse, estimates for 1838 for . .123, 144, 156, 159, 177

estimates for 1839 for. ......... .. 181,239

estimates for 1840 for.. 298, 235, 322, 332

estimates for 1841 for. .. . .. 358, 390, 413, 422, 440, 462

estimates for 1842 for .. .. .. .► • 486

estimates for 1843 for .... .487,601

estimates for 1844-’5 for. ... ..... ... 488,603'

estimates for J,845-’6 for.. . - .. .. .. ....... 669’

appropriations made in 1837 for. . .. .. ‘...144,159

appropriations made In 1839 for. .. ... 299,322,335'

appropriations made in 1840 for .. .. .413, 42S

appropriations made in 1841 for.. 438'

expenditures in 1837-on account of. .. ....... 109, 175

expenditures in 1838 on account of .. 178,201,256

expenditures in 1839 on account of. . . .. , , .. . .239, 257, 371

expenditures in 1840 on. account of 352, 373, 437

expenditures in 1841 on a-ccount of. .....462, 471

expenditures in 1842 on account of. .486, 492, 620

expenditures in 1843- *4 on account of. ,...600, 623, 678

expenditures in 1844- ’5 on account of. .... .668, 680

Fortifications,, a reduction of appropriations for, recommended in 1838.. . 187

estimates for 1838 for .. .. .. .. 148

estimates for 1839 for.. .. .. 181,232

'estimates for 1840 for . .. .. ... . .. 235,298^326

estimates for 184 L for. .. .. .358, 390, , 416, 440, 462

estimates for 1842 for. , ... .. . .. .. .. .. ............ 486

estimates for 1843 for.. ...’ .. .487, 601

estimates for 1844- ’5 for. • .. ..... • . *. .. .488, 603'

estimates for 1845- ’6 for .. 679

appropriations made in 1837 for.. .... ... .. .. .m. ....148, 164

appropriations made in 1839 for .. ... ...326, 339

appropriations made in 1840 for. . .. ... . 417,429

appropriations made in 1841 for ; .. ... ... . . . . ... .438, 439

expenditures in 18.37 forV .. .. .. .... .. .. 175

expenditures in 1838 for .. .. ... , .177,202, 256‘

expenditures in 1839 for. .. .. . .232, 258, 371

expenditures in 1840 for. .352, 374, 437

expenditures in 1841 for. . i .. .. .. .438,462, 472

expenditures, in 1842 for. , .. ..... .. .486, 492, 621-

expenditures in 1843- ’4 for. .... . ..... .. .... 624, 679

expenditures in 1844-*5 for. . . . J.. , . , 668, ^680

Forward, Walter, Secretary of the Treasury — see Finances.

Prance, the sixth instalment due from, to the United States, paid. - . ... .. 199

the interest on the first four instalments of the indemnity due by . . .. .. 253

Funds — see Trust Fands.

public, unavailable.. .91, 177, 178, 372, 69T

G.

General Land Office, concerning the.. .. . . 253

the operations of the, in 1840, concerning .. .. 364

the operations of the — see Public Lands.

Georgetown, the debt of, assumed by the Federal Government.. ...... . ... »179, 273, 385

payments on said debt — see DislHct of Cohwnhia.

Grain and flour, views in 1837 touching the price of, their value, and the quantity
imported and exported, and their bearing upon the national finances and the stability of

trade ...... 95

Great.Britain, the warehouse system of — see Warehouse system.

H.

Harbors and rivers, the improvement of —

estimates for 1838

estimates for 1839. ..

estimates for 1840 .

148

.181, 232, 371
.235,. 29a

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Federal Reserve Bank of St. Louis

INDEX.

695

Harbors and rivers, the improvement of — Continued.

appropriations for 1837 .148, 164

•appropriations for 1839 .. .. 339

appropriations for 1840. . .. .. .. .. 432

appropriations for 1841 . . , , , , 439

expenditures in 1837. . .. . 1 . 175

expenditures in 1838 ..... .187,202,256

expenditures in 1839. ,, .. . .... ...... .. .. .. .. .232, 258

expenditures' in 1840. ... .. .. ^ .. , .352,374

expenditures in 1842 . .. 621

expenditures in 1843-H. ... ... .. . . .624, 679

Hemp, the value of, imported into the United States from 1790 to 1800, inclusive. 277

clean Russia, the price of, in 1842... - 507

imported into the United States annually, from 1821 to 1842, the value of manufac-
tures of ..... . .. 636

and cordage imported into the United States annually from 1821 to 1842, statements

of the value of. 637, 642

and flax, statement of the value of manufactures of, imported into the United States

annually from 1821 to 1842. 640

Holland, remarks in 1837 in regard to the outstanding appropriation under the act of May

20, 1836, to pay the debt due by the District of Columbia. 91

the debt due — see District of Columhia.

Home market, the creation of a, recommended in 1841. .... 468

Home valuation under the tariff of 1833. . . . 465

I.

Importations of foreign goods, the excessive, a cause of financial embarrassments in J837. ^9

how affected by the expansions and contractions of the cur-
rency .. ... ... .. 236

Smporta, the value of, in 1837, and views in regard to the diminution of. ... 94

views, in 1837, in 'regard to the fluctuations in, caused by restrictive legislation, &c. 100
statement of the value of, during the years ending 30th September, 1836 and
1837-' , .171

the value of the, during the commercial year ending 30th September, 1839, t^nd

views in. relation to the amount, &c., of. . . .. .. 233

the effects of the excess of, over the exports, treated of. 233

.statement exhibiting the value of, and exports during the years 1834, 1835, 1836,

1837, 1838, and 1839. . . _ 274

statement of the quantity, kind, and value of imports into the United States, from
the 1st October, 1789, to the. 30th September, 1838, and the value of those

retained in the country.;. . ... .. ,.275

statement showing from what countries the imports into the United States, from
1790 to 1838, inclusive, were derived, and into what States they were entered,

and the value in each case. . . .. 278, 281

views in 1839 in regard to the past, and exports. ........ .. 294

in 1840, the amount and peculiarities of, &c.. .. .354,367

statement of the annual value of, and exports, from 1791 to 1840, inclusive, and
the excess of imports and of exports annually, for the same period. . .. 387

value of exports and, during each presidency, from Mr. Monroe’s second term
to Mr. Yan Buren’s, inclusive. .. .. .. .. .. .. 388

average value of, for six years. ... .. .... ,, .. , .. .. 456

from 1834 to 1840, and value thereof. .... .... 457

estimate of duties on thie average value of, from 1834 to 1840, inclusive. 458

of bullion and specie from I82i to 1842. .. , .636, 645

■of bullion and specie during the year ending 30th September, 1838. .... , , ,, 224

of bullion'and specie from 1790 to 1838. , , .... .. .. 277

of bullion and specie from 1834 to 1840 .. 458

the decline in the, in 1842, not attributable to our system of duties 490

the value of, during the years ending 30th September, 1840, 1841, and 1842. 505

statements of the value of foreign merchandise imported, &c., annually, from 1821

to 1843, and the amount of duties accruing thereon. .... . . 631, 633

statistical view of the commerce oftheUnitedStates, exhibiting the value of exports

and-, annually, from 1821, to 1842. , .. 634'

statements of the value of the principal articles of merchandise imported into the

United States annually, from 1821 to 1842. . , , 636, 637

statements exhibiting the value of manufactures of cotton and wool, flax and

hemp, iron and steel, hemp and cordage, ‘imported from 1821 to 1842, inclusive, 638,

639,640,641,642

statement of the'value of articles imported into the United States, designating the
countries from which received, annually, from 1821 to 1842, inclusive 643, 644

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Federal Reserve Bank of St. Louis

696 INDEX.

Imports, statement of articles imported during nine months ending June, 1843, the duty on

which exceeded thirty-five per cent, on the average wholesale market value of

such articles. ... ..... 681

statement of the value of, and exports during the year ending 30th June, 1844. . < 683
Indemnities — see France — see J\^aples.

Independent Treasury, views in 1837 and 1838 in favor of an. 10, 106, 198

views in 1838 in regard to the operations of the. , . , 192

views in 1840 in regard to the operations of the 362

views in 1841 against the, and against individual custodians of the

public moneys, and in favor of the repeal of the 444

Indian affairs,, remarks in 1840 in regard to. .... ... , . . . , . . , . , , 366

Inscriptions, Spanish, concerning the payment of. .. ..... ...... 108

Insolvent banks, Government funds unavailable in the — see Banks.

Insolvent debtors, extension of the acts of Congress for the relief of, proposed 350

; Internal improvements by the Federal Government, reductions in appropriations for,

recommended .i.... .. .. .. .. 187

Intercourse — see Foreign Intercourse.

Iron and steel, the value of, imported into the United States from 1790 to 1838 inclusive.. . 276
imported into the United States annually from 1821 to 1842, the value of

manufactures of. .. . . ..... 636

manufactured and unmanufactured, statement of the value of, imported into

theUnited States annually from 1821 to 1842. ... ; 641

Russia, bar, the price of, in 1842 507

Judicial condemnation of goods, the expanse of ... .. 607

L.

Land laws, as to any modifieation of the. .-. .. , , 608-

Lands, public, receipts from the sale of, &c. — see Public Lands — 'See General Land Office.

Lead,. imported into the United States annually from 1821 to 1842, the value of 637

the value of, imported into the United States from 1790 to 1838 inclusive. 277

Linens, the value of, imported into the United States from 1790 to 1838 inclusive. . 277

and the manufactures of llax, imported into the United States annually from 1821

to 1842, the' value of. . . ... ... ... 636

Light money — see Tonnage and.

Light-house establishment, recommendation in 1838 of a reduction of appropriations for. ..186, 187

° ! .L- rtrrt

Light-houses, on a part of the’AtlaiUic coast, concerning proper sites for.. , ... '108

concerning. 199

Loans, to supply the Treasury — see Treasuni Mtcs.

per acts of 21st July, 1841,’ of 15th April, 1842, and of .3d of March, 1843, receipts

from, estimated and actual, in 1841. .. 461, 470

in 1842 485, 486, 491, 599 , 620

in 1843 , .487, 600, 623

inl843-’4.. . 667,678

statement of receipts from, from January 1, 1837, to September 30, 1843. . 626

expenditures on account of the, of 1841, 1842, and 1843 —

in 18'42 .486, 502, 599, 622, 627

in 1843 487, 600, 625, 627

in 1843- ’4 .488, 602, 627, 680

in 1844- ’5 . . .603, 627, 668, 680

in 1845:- ’6 670

statement in 1842 of the amount due on the, of 1841- ’2, the, former redeemable 1st

January, 1844, and the latter the 1st of January, 1863. - 504

statement of the payments frorh Jnnuar-y 1, 1837, to September 30, 1843^ and of

interest on account of the ..... .626,627

statement of persons, to whom was awarded the loan of 1843, the terms of accept-
ance, &c., and of the offers not. accepted, &c. 629

statement, December 1, 1843, of amount of outstanding 630

statements in 1844 of the indebtedness of theUnited States on account of. .652, 676, 677

recommended in 1841. .... ., >,.■ 443, 444

views ns to the anticipated receipts from, in- 1842' 463

to make the late loan available, an extension of time" recommended. , ... ... 464

concerning the. , . , . , , . 489

a new loan recommended in 1843 to meet a deficit. . .i ..... . 606

considerations in. 1843 in regard, to the loan authorized by the act of March, 1843. . 613

views in 1844. in regard to the interest on the-, and the payment of the. .660, 661

Lumber^ exported annually from.the United States from 1790 to 1838 inclusive, the value

of 286

exported annually, from the United States from 1821 to 1842 inclusive; the value of. 645

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Federal Reserve Bank of St. Louis

INDEX. 697

M.

Manufacture, domestic, statement of the value of the annual exports of, from 1821 to 1842. 632

Manufactures, the value of certain, imported into the United States annually from 1821 to

1842. .......... .......... , , , 636

statements exhibiting the value of, of cotton and wool, flax and hemp, iron

and steel, hemp and cordeige,- imported from 1821 to 1842 inclusive 638,

239, 640, 641, 642

statement of the value ofj imported into the United States a.s above, annuaHy,
from 1821 to 1842, and the countries from^whence received. . .... .643, 644

statements exhibiting the value of certain articles of domestic produce and,
exported annually from the United States from 1821 to 1842, and the

countries to which exported. .. . .............. ...■ 645,646, 647

the value of, exported-annually from the United States from 1821 to 1842. 645

statement of the value of^ expo-rted annually from the United States from
1789 to 1838 inclusive.- ^ i. .... ... 285

Marine hospitals, concerning places most suitable for. .. . . .... 108

Marine Corps, appropriations and expenditures for the— see J^aval Semce— see Estimates
— see' Expenditures.

Merchandise, for the annual irnports and exports of-^see Imports^Exports.

statement of the kind and value of imports of, from the 1st October, 1789, to
the 30th of September,' 1828, and the countries from whence derived. .275, 279
statement of the exports of, for the same period. . . i .. 287

foreign, the value ofy exported annually from 1821 to 1841. . 506

a redundant supply of foreign, in' the United State's before the enactment of

the tariff of 1842, and the prices of certain. . . w . 507

foreign,-imported and reexported, the amount of duties on, from 1837 to 1843. 626

foreign, statements of the value of, imported, reexported, and consumed or

on hand, annually, from 1821 to 1842 631, 632

statement of the value of, imported from 1821 to 1842, and- the gross duties

from 1821 ‘to 1842 633

foreign, statement of the value of the annual exports of, from 1821 to- 1842, 634
foreign, drawbacks paid on, annually, from 1821 to 1842. . . ... ... 635

statements exhibiting the value of the principal articles of, imported annually
into the United States from 1821 to 1842 inclusive, and showing the coun-
tries from whence received 636, 638, 639,.. 640, 641, 642, 643, 644

statements exhibiting the value of certain articles of domestic produce and
manufacture, and bullion and specie, exported annually frorh the United
States from, 1821 to 1842 inclusive, and the countries to which exported.. 645,

6-46, 647

statement of articles imported in nine months of 1843, at a rate of duty aver-
aging, 35 per cent.. .. . .. .. ........ 681

the value and kind of, imported and exported

Military service, including, fortifications, armories, arsenals, -ordnance, Indian affairs, revo-
lutionary and military pensions, and internal improvements—

estimates' for 1838 - .123, 146, 156, ,164 178

estimate's for 1839 .. .. , .. . . .; 181, 232

estimates for 1840. .. .... . .2.35,- 298, 323, 333

estimates for.1841. 358, 390, 397, 414, 423, 440, 462

estimates for 1842. .. .. 486

estimates for 1843. .... .. . . .. .487, 601

estimates for 1844- ’5. .. .. ... ....... .. ... ... .. .488, 603

estimates for 1845- ’6. .. .... .... 670

appropriations made in 1837. .. 146, 164

appropriations made in 1839 .. .. .. . .. .. i .323, 339

appropriations made in 1840 ..... .... .414, 429

appropriations made in 1841. .. .. .. .438, 439

expenditures', in 1837 ... ........ .. Ill, 175

expenditures in 1838. 177,178, 202

expenditures in 1839 . ... . .J .. .. 232, 258, 371

expenditures in 1840. .. .352,374, 437

expenditures in 1841. .1439, 462, 472

expenditures in 1842. . . .. , .. .....486,493,621

expenditures in 1843- ’4. ...600, 601,624, 679

expenditures in 1844- ’5. .... .668, 680

Militia service, &c. — see Expenditures — see Estimates.

Mint, the amount of deposits in the, and considerations in regard to. .... 2, 177

concerning the. ...... ... 199, 253

deposits in the, under the act of .Tune'23‘, 1836, and January 18,, 1837'. . .91, 451, 454

views in 1837 on the- propriety of imposing the duty of a general depository on the. . 107
recommendation of legal penalties' in case of embezzlement of any of the public
funds in the. .. . . .195, 196

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Federal Reserve Bank of St. Louis

69S

INDEX.

Mint, amount of special deposits in the, and subject to draft 1st December, 1838. . 228

Mint certificates, recommendation in 1837 that the, be receivable in payment of public dues . 26

Miscellaneous service —

estimates for 1838. .. .123, 144, 156, 159, 178

estimates for 1839 181, 232

estimates for 1840. .. . .. ,• .. 235,298, 318, 331

estimates for 1841. . ... .358,390, 410, 422,440, 462

estimates for 1842 .. .. .. 486

estimates for 1843- ’4.
estimates for 1844- ’5.
estimates for 1845-’6.
expenditures in 1837.
expenditures in 1838.

487, 601

.488, 602, 603

669

109, 175

... ' 177, 178, 201,256

expenditures in 1839 232, 257, 371

expenditures in 1840^- 352, 373, 437

expenditures in 1841 . .. .438, 462, 471

expenditures in 1842 . . .486, 492, 620

expenditures in 1843-’4. .. . .. .600,624, 678

expenditures in 1844- ’5 668, 680

appropriations made in 1837 144, 159

appropriations made in 1839. .. ' .. .299,318, 335

appropriations made in 1840 .. .. ... .410, 425

appropriations made in 1841. .... 438

Miscellaneous sources, receipts from — see Receipts.

Molasses, the value of, imported'into theUnited States annually from 1790to 1838 inclusive. 276

the value of, imported into the United States annually from 1821 to 1842 637

Moneys of the Government, the safe-keeping of — see Public Money.

N.

Naples, the fifth instalment of indemnity due by, paid.

the sixth instalment due by, paid. .

another indemnity paid .

Naval service, including the Marine Corps —
estimates for 1838.
estimates for 1839.
estimates for 1840.
estimates for 1841.
estirnates for 1842.
estimates for 1843. .
estimates for 1844- ’5.
estimates for 184.5- ’6 .

expenditures in 1837 . ..

expenditures in 1838 '. . .

expenditures in 1839

expenditures in 1840 . . ...

expenditures in 1841.

expenditures in 1842.

expenditures in 1843- ’4 . . ....
expenditures in 1844- ’5. ... .....

appropriations for 1837.
appropriations for 1839.

appropriations for 1840

appropriations made in 1841.

Navigating interests in 1840 prosperous.

. . 199

253

: 364

.. .123,153,157,168,178

181, 232

235, 298, 329, 333

358, 390, 418, 423, 440, 462

...486

. ;. .. .487,602

488, 603

670

120, 176

177, 178, 202, 256

.232, 270, 371

.3.52,383,437

438, 462, 480

486, 501,621

. . .600, 625, 680

'...668

152, 169

328, 344

418, 4.35

•' . ...438

. .355

P

Passports, duties on, annually, from 1821 to 1842 ... .63^

Patent Office, concerning the money to the credit of. 3

Pension grants, the expense of, views in 1838 on the propriety of avoiding an increase of,

during the gradual reduction of the tariff j 188

Pork, hogs, &c., exported annually from the United States from 1790 to 1838 inclusiye,

the value of . 286

statement of .fhewalue of, exported'.annually from the United States from
1821 to 1842, and of the countries to which exported. . . . .645, 646, 647

Port of entrv, at Independence, the establishment of a, recommended . . .617

Post-Office Department, concerning the money to the credit of ... ... 3

Preemption and graduation laws, the passage of, recommended in 1839 252

Premiums offered and accepted for the stock of theUnited States loan in 1843 629

President of the United States, memorials in 1837 of merchants. Chamber of Commerce, &c.,

for a recision of the specie circular, and for a stay on the payment of duty bonds.. .38, 40, 41
Produce — see Domestic Produce.

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Federai Reserve Bank of St. Louis

INDEX.

699

Public debt of the United States, expenditures, estimated for and actual, for payments on
account of the funded and unfunded, in —

1837 .9,90,92,111,176,178

1838., 177,178,202,256,272

1839 . ,..181,232,272,371

1840. ' .352,384,385,437

1841. • 357, 358, 438, 441, 462, 482

1842. 486, 502, 599, 622

1843 ■ 487, 625

1843- ’4 .'. ' .488,600,602,680

1844- ’5 603, 652, 668, 680

1845- ’6 , ' 670

Public debt, principal and interest on the old, undischarged—

inl&6 ■ 92

in 1837. ., 179

in 1938 •• 272

in 1839. , : 385

in 1840 ... 483

in 1842 . . . . 504

in 1843. , . 630

in 1844 .676, 677

concerning the extinguishment of the 187

views in 1837, in regard to the foreign, of the United States . 95

views in 1840 in regard to the . . 353

on account of the citie.s of Washington, Alexandria, and Georgetown, and pay-
ments of interest thereon, .. .17Si, 273, 352, 357, 358, 371, 385, 483, 504, 630, 651

statement of the old and new, December 1, 1843. . . . 630

statement of the old and new, July 1 and December 1, 1844 ... ..651, 676, 677

expenditures for debt and.interest, exclusive of payments arisingfrom loans and

Treasury notes, from 1st January, 1816, to 3lst December, 1836 459, 460

views in 1841 on the means of providing for the, and in favor of funding the. . 440,

441, 443

amount paid from 1816 to 1837. . .. .. . .. 441

when paid, and how much paid. . .. .. 606

statement and views in 1844- ’5 in regard to the .652, 653

statements of payments on account of the old, funded and unfunded since—

1st December, 18.36 92

1st December, 18.37. .. ... .. 178

1st December, 1838. .. .. .. •• 272

1st December, 1839. .. . .. . .. . 385

1st December, 1840. ...... 483

payments of principal and interest of the old, between January 1, 1837, and
December 31, 1840, and between January 1, 1841, and September 30,

1843 • . 696, 697

statement of payments on account of the old, Treasury notes and interest, from

January 1, 1837, to September 30, 1843 627

in 1790, foreign and domestic. . . 654

on account of the Revolution. 654

in 1800. .. .. 654

ip 1810 154

in 1816. ’. 654

in. 1820 '. 654

in 1830 .. 654

in 1835. .. . . 655

interest paid on the, from 1789 to 1835 655

new, incurred in 1841-’2,.and ’3, and for payments of principal and interest
thereon — see ’’Loans — see Treasury Motes.
see Revobitionary Veht.

considerations in 1844 as to the existing security for payment of interest and
ultimate redemption of the principal of the 657

Public dues, views in 1837 on the hind of money receivable for, cfec.. . . .. .21, 43, 47

bank notes made receivable in 1789, for 53

Treasury circular in 1790, in regard to the bearing of the collection law on

the receivability of bank notes in payment of. . 54

Treasury drafts tp be received in payment of. -. .. 68

views in 1838 on the kind of currency received for the ... 188

Treasury circulars of June 1 and July 6, 1838, to the collectors and re-
ceivers in relation to the kind of currency to he received in payment of. . . .215, 217
views in 1839 on the condition of the banking institutions generally and

the kind of money receivable for. .. . ... ... . 249

Public credit — see Credit.

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Federai Reserve Bank of St. Louis

700 INDEX.

Public lands, receipts from the sales of, estimated for and ascertained —

in 1836. • 89

in 1837 ; 2, 90, 175

in 1838 ...... .. ...92, 176,178,256

111 loau. oo±j aoi

in 1841. . - 357,438, 439,440,461,462

in 1842; 485, 620

in 1843... , .487, 488, 600, 623, 667, 678, 680

in 1845- =6 ,. . 669

■J* receipts from the sales of, from 1st January, 1816, to 31st December, 1836. 459
receipts from the sales of, from 1st January, 1837,' to 31st December, 1840. 460
receipts from the sales of, from' 1st January, 1837, to September 30, 1843. 627
views in 1837 itr regard to th'e fluctuations' in the receipts from, and on the

estimates for' the future . .. . .' . ...’. .. ., 99

recommendations to receive payments in advance for. , . . . 107

views in 1839 in regard to the ftuctuations in the sales of, &c., and how the

Government finances are affected thereby '. . .... 242

views in regard to the estimate of sales of, in 1839. 182, 183

views as to the receipts from, in 1842. ..... ;. ... .. . 463

views in 1843, in regard to tha sales of the. . . .. ' 604

considerations in 1844 in regard to and the revenues to be derived from the, 656

concerning the .' 253

Public moneys, unavailable in 1837, 1838, 1839, 1840, 1841. .. ., ,, .91, 177, 178., 357, 372, 627

circular. May 12, 1837, directing the collectors of customs and receivers
of, to collect and safely keep tne, in case of a suspension by the banks. 59
extract from the Treasury report in 1790 as to a new class of officers to

keep and transfer the 60

statements showing the condition of the, in the former and present banks

of deposit and Mint in August, 1837 .... .64, 65

under the opinion of the Attorney General, and by order of the President,
the, to be deposited with speciemaying banks, and with other banks, on
condition of approved security for a prompt return in kind, &c. .... 68

views in 1837 in regard to the banks and safekeeping Of the 102

practicability of keeping the, independent of the banksas fiscal agents. .106, 107

the use of the, for discounts by the banks unprofitable, &c 192

views in 1838 on the manner of keeping the, and changes proposed 192

collateral security for the safekeeping of the, recommended. 194, 195

recommendation that the embezzlement of the, be made a penal offence. . . 196
see Banks.

amount subject to draft in certain genera! deposit banks the 1st December,

1838... 224

list of collectors of customs and receivers of, having moneys in their hands

subject to draft, conformable to returns to December 3, 1838. 227

list of late deposit banks in which special deposits have been made, and
the amount of special deposits subject to draft 1st December, 1838. . . , 228

statement of balances of, due Ih'e United- States on the 10th November,
1834, from banks formei-ly depositaries of the public money, with the

credits to which they are entitled for payments since that date. 229

list of certain banks which Suspended specie payments, and balances due
by them on- 3d December, 1838, on bonds given under the act of 16th

October; 1837 ... 230

Treasury circular of .July 14', 1838, in regard to the safekeeping of the, and
exhorting the depositaries not fo-employ it for private advantage, &c ..... 230
views in 1839 on the manner of keeping, the, and the proper guards

against losses , ' ,. 244

statement of the, available for general purposes 1st January, 1839. . , 255

statement in 1839 of, in the two general deposit banks. . .. .. .. 346

available in 1841 in the deposit banks 357

opinions in 1840 that the mode established by CongreSs 'for the safekeeping

of the, has answered well, &c .. . .... 362

views in 1841 in regard to keeping and disbursing the, adverse to the inde-
pendent Treasury 444

subject to draft,, in 184T, in the hands of the Treasury agents, enu-
merated. 1 .449, 452

R.

Receipts into the, Treasury, from all sources-, as estimated for, and ascertained —

in 1836. , . „ - 89

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Federal Reserve Bank of St. Louis

INDEX.

701

Receipts into the Treasury, from all sources, as estimated for, and ascertained.,— Confttttied.

in 1837. . . 2, 90, 175

in 1838. .. 92, 176, 178, 256

in 1839. .. .180,231,371

in 1840 .. .234, 351,. 437

in 1841 357, 438, 4.39, 440, 4.56, .461, 470, 599

in 1842. .. .463, 485, 491,' 599, 620, 603

in 1843 '..487, .599, 623

in 1843- ’4. .488, 600, 601, 667, 678

in 1844- ’5 ' .602,667,680

in 1845-’6. , , . ... , • 669

views in 1837 in regard to the estimated, for 1838 93, 99

views in 183.9 in regard to the estimates of, for 1840, and on
some permaiient safeguard under fluctuation in expenditures

and . ..V , .236, 242

explanatory views in regard to the estimates of, for 1839 . . 182, 183
views on the necessity of guards to preserve . the public faith

against the fluctuations in the. . 184, 185

explanatory views in regard to the estimates of, for 1840.. 236

as to the probable deficit in the, for 1837. . .. 5

as to the effect of legislatio.n of the special session in 1837 upon

the, of the current year. 96

the entries on the books of the Register do not always show
the true dates of the. , , , . .., , ,, 441

explanation of the, of 1842. . 1 , .. ....... .... .. .. 603

the average rate of, for several years, deficiency in, &c 605

exclusive of the trust funds. Treasury notes, and loans, from

1st January, 1816, to 31st December, 1836. 459

average annual receipts from 1816 to 1836, and from 1837 to

1840., 459, 460

excess of average annual, over expenditures for current ex-
penses from 1816 to 1836. . . .. 459

e.xclusive of trust funds, loans’, and Treasury notes, &c. , from

1st January, 1837, to 31st December, 1840 460

statement ofthe, from customs., lands., and miscellaneou.s sources,
from debts and other funds existing prior to 1837, and from
loans and Treasury n'otes annually, from January 1, 1837, tp

September 30, 1843 626

from the bonds due by the United States Bank — see Bank ^
the United States.

from public lands — see PiMic Lands.
from customs — see Customs.

from loans — see Treasury M>les — see Loans — see Estimates.

Receivers of .the Public Moneys, made depositaries of the public Moneys in case of a suspen-
sion of specie payments by the banks .59

to receive Treasury drafts in payment for public, lands. ... 68

views in 1837 on the propriety of .making, general deposi-
taries 107

continue to make deposits of public raoney.s in certain banks 192
losses of public moneys by, concerning. .. ,, .... 194

recommendation of collateral security from, as keepers of the
public moneys, and making any embezzlement by them a

penal offence 195, 196

Treasury circulars in 1838 to the, in relation to the kind of

currency receivable for lands, &c . .215, 217

list of, having public moneys in their hands, on whom drafts
have been placed , &c. , and the balance in their hands sub-
ject to draft conformable to returns to Dec, 3,. 1838 227

Treasury circular of July 14, 1838, in regard to the safe-
keeping of the public money, and exhorting them, in the
absence of legislation, to vigilance, and against the use of

the public, moneys to private advantage, &c 230

Receivers General and Treasurers, views in 1840 in regard to 362

Reexportations, value of foreign merchandise reexported annually from 1821 to 1842 631 ,

632, 635

Reserved funds in the Treasury in 1837. .. . 1

Retrenchment in the expenditures, views in 1838 on the necessity of, and the proper

objects of. ■ 186

Retrenchment recommended — see jEvpcnses— see Expenditures.

Revenue, the surplus — see Surplus — see Dqiosits with tlte States.

considerations in 1837 in regard to the the causes of fluctuations in the 95

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Federal Reserve Bank of St. Louis

702 INDEX.

Revenue, and expenditures in 1837, further explanations as to the, and the effect upon them

by laws passed at the special session in 1837 .... 96

views in 1837 on the propriety of vesting- authority to issue Treasury notes to

supply any deficiency in the 107

views in 1838 on the fluctuations in the, and the reductions in the, under a re-
duced tariff, .... - .. .183,184, 185

causes which would operate to diminish the, in 1840, from customs. 236

fluctuations in commercial prosperity, the crops, the banking policy, and credit

systems of foreign nations, affect the 242

considerations in 1840 in regard to the, for 1841 , .. 359

the best mode of avoiding inequality between the anticipate receipts and expend-
itures in 1841 and 1842. . 360

general views in 1840 in regard to the, and the causes of fluctuation in the, &c. . 365

the amount which the, exceeded the expenditures from 1816 to 1837 441

estimate of the amount of, which will be received from customs in part of 1841,

1842, and 1843, under a modification of the revenue laws 456

received from the 1st of January, .1816, to 31st December, 1836, inclusive, exclu-
sive of loans, Treasury notes, and trust funds. . 459

received from 1st of January, 1837, to 31st December, 1840, exclusive of trust
funds, loans, and Treasury notes, from other than ordinary sources of income . 460

from customs and other sources, -from January ], 1837, to September 30, 1843. . 626
gross and net, from imports of foreign merchandise, from tonnage and light
money, passports, and clearances, from 1821 to 1842 inclusive.. ... ... 635

outstanding and falling due to the Treetsury, arising from other sources than that
of the ordinary revenue, which were paid between the 1st January, 1837, and

4th March 1841 .. 455

on the importance of adequate provisions of. . . .. . . • 490

considerations in 1844 in regard to the resources of the United States as to. , . 656

an augmentation of the, deemed in 1841 to be necessary. . . 469

the probable augmentation of the, in 1844 and 1845 under the tariff of 1842. . . 603

the average rate of revenue for certain years and the actual, independent of ex-
trinsic additions, and how the deficiencie.s have been supplied .. .. 605

views in 1843 as to provisions to meet deficiencies in the, and the best means of

improving the, &c ... . .608) 610, 616

concerning the system of collecting the ... * 618

the yield under the act of 1842. . .. , - .664,671

Revenue laws — see Tariff.

Revenues, amount of, estimated and ascertained —

for 1836. .. 89

for 1837 .. *• 2, 90, 109, 175 •

for 1838. ... .92, 176, 178, 256

for 1839 .. .180,231,255,371

fforl840. 234,351,352,372,437

for 1842 440, 456, 463, 485, 491, 598, 599, 620

for 1843 and 1843- ’4 487, 488, 599, 600, 601, 623, 678

for 1845- ’6 ' 669

Revolutionary debt, the amount of the - , , ,. .. .. 654

Rice, exported annually from the United States from 1790 to 1838 inclusive, the value of. 286
statement of the value of, exported annually from the United States from 1821 to
1842, inclusive, and of the countries to which exported.. . ..... . 645

S.

Salt, the value of, imported into the United States annually from 1790 to 1835 inclusive. . 276

the value of, imported into the United States annually from 1821 to 1842 637

Saltpetre, refined, the price of, in 1842. ... . .. .. .. . 507

Satinets, American, the prices of, in 1842. ...... . . . . 508

Seamen, sick and disabled, considerations in 1843 in regard to relief to. . . . ..... 617

Security, collateral, for the safekeeping of the public funds recommended in 1838. .194, 195

Sheetings, Russia, the price of, in 1342. .... .. . .. 507

Silks, the value of, imported into the United States from 1790 to 1838, inclusive. 276

imported into the United States anauially from 1821 to 1842, the value of. ..... 636

Sinking fund, the excess of revenue above expenditures is the only real , . 653

the, by which the revolutionary and other public debts were paid, the opera-
tions of. . .. .... ...... 656

recommended in 1844 to anticipate the payments of the stock under the acts

.I*#* ...a"* o_ ncn. nn A

Skins and furs, exported annually from the United States from 1790 to 1838 inclusive, the

value of 287

the value of, exported annually from 1821 to 1842. .. 645

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Federal Reserve Bank of St. Louis

INDEX.

703

Smithsonian legacy, invested, &-C. .. 199

Smuggling, marine preventive service against 618

Solicitor of the Treasury, circular of the, in May, 1837, to the United States attorneys in

regard to the collection of duty bonds. ........ P. ... . 36

Special deposits of public moneys have been made, list of the late deposit banks in which . 222

list of banks in which are made. 628

Specie and bullion, imported and exported in 1837 and 1838. - . ...... . . 224

value of, imported into the United States from 1790 to 1838 inclusive. 277

value of, imported from 1834 to 1840. ... ... . . 458

imported into the United States, annually, from 1821 to 1842, value of. 636
exported annually from 1821 to 1842, and the countries to which ex-
ported, value of. .. .645,646,647

'exported annually from 1790 to 1838. ... . . .280, 287

Specie basis for circulation, an enlargement of the, recommended in 1839, . 253

Specie in the United States in 1814 and 1837, the periods of suspension by the banks, the

amount of. 188

Specie, views in 1837 in regard to imports and exports of, ..the bearing upon trade, &c. 20, 104, 105
statement exhibiting the value of bullion and, imported and exported during the

year ending 30th September, 1838 , 224

statement of the, and bullion exported annually from the United States from 1790 to

I838inclusive 286

annual imports and exports of — see Imporls — see Exports.

Specie circulation, the advantages of. 363

Specie payments by the former deposit banks, views in 1837 in regard to the resumption of. . 18, 20
banks which had suspended, discontinued as depositories. . ...... 55

Treasury circular of July 3, 1837, to the banks in regard to, and urging

the resumption of 86

views in 1837 on the ability, &c. , of the deposit banks at different points

to sustain. . . ... .103,105

views in 1838 in relation to the resumption of, by the banks. ... .188, 191

see Banks for further views in regard to.

Specie circular, memorials of the New York and other merchants in 1837, and the Cham-
bers of Commerce for the recision of the. . . ... ... .. ..... .38, 40, 41

from the Secretary of the Treasury, asserting the constitutional duties of that
department in regard to the collection of duties in specie, and against the

recision of the ...... , 43

Spices, imported into the United States annually from 1821 to 1842, the value of 637

the value of, imported into the United States from 1790 to 1838 inclusive. , 277

Spirits, the value of,. imported into the United Stktes from 1790 to 1838 inclusive. . 275

domestic distilled, drawback paid on, annually, from 1821 to 1842. ... , . ' 635

allowance for natural waste, under the British warehouse system 521

imported into the United States annually from 1821 to 1842, the value of. . . , , 637

Spencer, John C., Secretary of the Treasury — see Finances,

Steamboilers, and the best methods of preventing explosions, concerning experiments to

test the strength of. .... 108

a promised collection of facts in regard to explosions of. . . . , 199

Steamboats, promised statistics, &.C., of. . .. .. .. , 199

States, the deposits with the — see De])osils.

Stocks, lists of persons to whom the loan of the United States was awarded in 1843, and

the amounts awarded. .. .. ... .... ... .. 629

the marketable value of 653

sinking fund recommended to anticipate the payments of the, under the acts of

1843 and 1844. 659

statement of the gain on the pui'chase of the slock of 1841, in anticipation of its

redemption on the 1st of January, 1845. .. ... .. 633

Steel — see Iron.

Submissions, recapitulation of, for 1838. . V .... 157

Sugar, the value of, imported into the United States from 1790 to 1838 inclusive. . 277

domestic refined, drawback paid annually, from 1821 to 1842, on.. . ... , . , 635

imported into the United States 'annually from 1821 to 1842, the value of. . .. 637

Surplus in the Treasury, not anticipated during the year 1839, for deposit with the States. 181
the existing, temporary and fallacious in its character, &c... 184

views in 1838 on the good policy of avoiding large. ..... . 185

Surplus fund, amounts of appropriations which maybe carried to the, at the end of—

1837 ■ 91, 123, 159, 170

1838 •.... 180

1839 .. .. ...... .235, 298, 3.35

1840. ...' ,, ... .358,390, 425

Surveying districts, concerning a consolidation of. 607

Survey — see Coast Survey.

Swartwout, Samuel, collector at New York, Treasury circulars to, in 1837 33, 49

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Federal Reserve Bank of St. Louis

704

INDEX.

T.

Tariff, prediction in 1838 of a diminished revenue consequent upon a reduced, &o 188

a reduction of the, recommended in 1839. - ... - ... 232

a modification of the act of 1833 recommended in 1840, to prevent or supply any .

deficit, instead of a resort to loans or issue of Treasury notes .361, 362

the high, of 1824 did not prevent low prices and bankruptcies 368

a modification to 20 per cent, ad valorem recommended in 1841 442

estimate of the amount which will be received from customs for certain periods,

under a modification of the. .... .... 456

views in 1841 on a readjustment of the, and an increase of the, recommended. .464, 469

views in 1842 in regard to the operations of the .... 489

views of the collector of the customs at New York on the ... ..... 507

views in 1843 in regard to the operations of the new 608

a review and reformation of the act of 1842 recommended in 1844 665

views in regard to the operations of the act of 1842. i. ..... .671, 672, 673

Taxes, the value of, &c. 661

Tea and coffee, duty on, recommended in 1843 ...609 , 616

Teas, the value of, imported into the United States from 1790 to 1838 inclusive. 275

imported into the United States annually from 1821 to 1842, the value of. ... 637

Telegraphs, concerning a system of. 108

Tobacco, statement of the value of, exported annually from the United States from 1790 to

1838 inclusive ... 285

statements of the .value of, exported annually from the United States from 1821
to 1842 inclusive, and the countries to which' exported., . .... .645, 646, 647

Tonnage, and light moneys, concerning the duties on .... - 610

statement of the amount of the, employed in the foreign trade annually from

'1821 to 1842 634

recommendation in 1844 of a change in the mode of ascertaining. ... ... 672

Trade, views in 1837 in regard to the fluctuation and revulsions in 95

Treasurer’s statement in regard to the condition of the public moneys on deposit with the

banks and Mint, in August, 1837. ... ..... 64,65

Treasurers — see Receivers General.

Treasury, the condition of the — see Finances — see Deficiency — see Balances.

in regard to the mode of exhibiting the state of the 598

Treasury circulars, in 1837 33, 36, 43, 47, 51, 55, 59, 68, 86

in 1789 and 1790 .53, 54

in 1838 215,217,230

in 1842., .. ..... 530

Treasury Department, concerning the laws relating to the. . . .. 674

proposition for a reorganization of the .108, 199, 252, 349

Treasury drafts, views of Hamilton in 1790 in regard to , 54

circular of the Secretary of the Treasury, May 17, 1837, to collectors of
customs and receivers of public money-to receive, in payment of public

dues. 68

Treasury notes, the issue and receipts into the Treasury, estimated and ascertained, of—

in 1837 90, 175,. 179

in 18.38. . '. .... .92, 176,178,179, 256

in 1839 273, 371

in 1840 351,386,437

in 1841 357, 438, 439, 440, 461, 470

in 1849. .. 439,463, 485, 491,599,620

in 1843- ’4 , 487, 600, 623, 678

in 1844- ’5. .... .... 667

the reimbursement and redemption of, estimated and actual-

in 1837.
in 1838.
in 1839 .
in 1840. .

in 1841. .. .

in 1842

in 1843- ’4.
in 1844- ’5.

Ill, 179

, .93, 177, 178, 179, 202, 232, 256
.180, 181,231,932,272, 273, 371

934, 352, 384, 386, 437

357, 358, 438, 462, 482

.439, 463, 486, 487, 502, 599, 622
.487, 488, 600, 601, 625, 668, 680
680

payments on account of, issued during the late war, amounts payable, &c. 92,

179, 279, 273, 385, 483, 630, 651

outstanding in 1841 484

outstanding in 1842 •• 504

outstanding in 1843 ... 630

outstanding in 1844 ■ . .652, 676, 677

amount paid' for interest on, from 1837 to 1843 696, 627

statement in relation to the issue and redemption of, in 1837 and 1838. ... 179

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Federai Reserve Bank of St. Louis

INDEX.

705

Treasury notes, statement of the issue and redemption of, from the 1st of January to the

20 th of November, 1839. . . . 273

statement in relation to the issue and redemption of, from 1st of January

to the 30th November, 1840 386

statement in 1841 of the, issued and redeemable, and balances of out-
standing ■ 484

views in 1837 on the issue of, to meet the wants of Government. . . . 7,9

views in 1837 on the necessity of the further issue of, and on the means

to redeem those payable, <fec 97, 98, 101

views in 1838 on the outstanding, and the advantages in the power to

issue, to preserve the public faith, &c. 182, 185

views in 1839 concerning the emission and redemption of 232.

views in 1840 in regard to the outstanding.. 353

views in 1841 against the issue of, to supply the Treasury i 443

views on the propriety of vesting the power to issue, in case of deficits in

the receipts. .. ,107

an issue of, recommended in 1841, to supply the Treasury 462

a reissue of, recommended .464, 489

the payment of interest on, proposed in 1842, to keep them out 489

considerations in 1843 in regard to the unredeemed, and reissue of . . .606, 613
Trade, recommendations in 1838 of permanent legislation to preserve the finances of Gov-
ernment against the fluctuations in 184

freedom of, recommended in 1839. .' . . ..... 252

with the British Provinces and West Indies, concerning. .... 253

the natural laws of, cannot be violated without financial evils 367

Trust funds, included in the balances in the Treasury in 1836 and 1837 , 91

1838 2.56

expenditures on account of, in 1838. 256

receipts and expenditures on account of, in 1839. .. 371

receipts and expenditures in 1840 372

balance of, in 1842 599

U.

Unavailable funds — see Balances in the Treasury,

V

Value of imports and exports — see Imports — see Exports — see Merchandise.

Vessels engaged in the whale fisheries, &c., concerning the papers and registry of 350

W

Warehousing ports in Great Britain, list of, and ofgoodsthalmay be warehoused in each.. 524, 527
Warehouse system, extension of the, recommended in 1837. .. ... .. ,. .5,107

views in 1841 concerning a 490

act 3 and 4 William IV, of 28th August, 1233, regulating the, of Great

Britain. , , 508'

list of the principal articles of foreign merchandise remaining in ware-
house, under the locks of the Crown, in the London, Liverpool,

Bristol, and Hull, in January, 1832 and 1833. 524

circular from the Treasury Department, and responses thereto by the
custom-house officers and Chambers of Commerce, in regard to the. . . 530,

531 to 595

considerations in 1843 in regard to the. . . 613

Warrants, statement of the number and amount of, drawn on the United States Bank and
branches, and the other banks which were depositories of the public money

in the year 1834 61

drawn on the banks and Mint in August, 1837, and not paid 65

Wares, earthen, stone, and China, imported into the United States annually from 1821 to

1842, the value of. ... . , 636

Washington city, the debt of, assumed by the Government 179,

273, 352, 357, 358, 371, 385, 483, 504, 630, 651

Weights and measures, concerning the standard of. . .. .108,253

concerning the progress in the manufacture of. . . , . . 199'

Wine, loss for natural waste under the British warehouse system 521

Wines, the value of, imported into the United States from 1790 to 1838 inclusive. . 275

imported into the United States annually from 1821 to 1842, the value of 636

recommendation in 1844 that the duty on, be changed to an ad valorem. . ,. . . . 66

VoL. IV. — 45.

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Federai Reserve Bank of St. Louis

706 INDEX.

WoodBury, Secretary— se’e Finances.'

'Woolens', the- value of, imported into the Unit^' State's from 1838 inclusive 275

imported into the United States' annually fi-oiri ISSUto 1842, the value of. 636

Worsted linings, the prices of, in ‘1842.' . . .. .'V. ...... 7 , ,, i 508

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Federal Reserve Bank of St. Louis